FLOWSERVE CORP — Director's Dealing 2004

Nov 10, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FLOWSERVE CORP (FLS)
CIK: 0000030625
Period of Report: 2004-11-10

Reporting Person: BLINN MARK A (VP and Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-11-10	Restricted Common Stock ($1.25 par value per share)	$	A	6000	Acquired		Common Stock (6000)	Direct

Footnotes

F1: Issued under the Flowserve Corporation 2004 Stock Compensation Plan.

F2: The Shares of Restricted Common Stock shall be valued at the fair market value upon the vesting date. A conversion or exercise price is not applicable.

F3: Vesting of the Shares of Restricted Common Stock is contingent upon Reporting Person's continued employment with the Issuer. An expiration date is not applicable.