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FLOWSERVE CORP — Director's Dealing 2004
Jul 20, 2004
30825_dirs_2004-07-19_2113d0bc-abfc-4d5e-918c-013febf65fa3.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: FLOWSERVE CORP (FLS)
CIK: 0000030625
Period of Report: 2004-07-15
Reporting Person: MCNEAL CHERYL D (VP- Human Resources)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2004-07-15 | Restricted Common Stock ($1.25 par value per share) | $0 | A | 4000 | Acquired | Common Stock () | Direct | |
| 2004-07-15 | Stock Option (right-to-buy) | $22.90 | A | 7000 | Acquired | 2014-07-15 | Common Stock () | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock ($1.25 par value per share) | 1829 | Direct |
| Common Stock ($1.25 par value per share) | 8480 | Indirect |
| Common Stock ($1.25 par value per share) | 7227 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (right-to-buy) | $26.50 | 2006-10-23 | Common Stock () | 2500 | Direct |
| Stock Option (right-to-buy) | $30.00 | 2007-10-23 | Common Stock () | 7500 | Direct |
| Stock Option (right-to-buy) | $18.50 | 2008-11-02 | Common Stock () | 473 | Direct |
| Stock Option (right-to-buy) | $19.13 | 2009-07-21 | Common Stock () | 7500 | Direct |
| Restricted Common Stock ($1.25 par value per share) | $ | Common Stock () | 7500 | Direct | |
| Stock Option (right-to-buy) | $17.81 | 2010-08-22 | Common Stock () | 7800 | Direct |
| Stock Option (right to buy) | $27.12 | 2011-07-18 | Common Stock () | 8000 | Direct |
| Stock Option (right-to-buy) | $24.84 | 2012-07-17 | Common Stock () | 8000 | Direct |
| Stock Option (right-to-buy) | $19.15 | 2013-07-17 | Common Stock () | 8000 | Direct |
Footnotes
F1: Beneficial interest in Flowserve Corporation Retirement Savings Plan 401(k).
F2: Beneficial interest in Flowserve Corporation Deferred Compensation Plan held in Rabbi Trust.
F3: The shares of Restricted Common Stock shall be valued at the fair market value upon each vesting date. A conversion or exercise price is not applicable.
F4: 3,750 shares of Restricted Common Stock vest on July 21, 2004 and the remaining shares vest on July 21, 2009.
F5: Vesting of shares of Restricted Common Stock is contingent upon continued employment with the Issuer. An expiration date is not applicable.
F6: All option shares are vested and exercisable, except for the last 2,667 shares which vest on July 18, 2004.
F7: The option vests in three (3) equal annual installments beginning July 17, 2003.
F8: The option vests in three (3) equal annual installments beginning on July 17, 2004.
F9: The shares of Restricted Common Stock shall be valued at the fair market value upon each vesting date. A conversion or exercise price is not applicable.
F10: One-third of the shares of Restricted Common Stock vest on July 15, 2005, the remaining thirds vest on July 15, 2006 and July 15, 2007, respectively.
F11: Vesting of the shares of Restricted Common Stock is contingent upon continued employment with the issuer. An expiration date is not applicable.
F12: The option shares vest in three (3) equal annual installments beginning on July 15, 2005, and then on July 15, 2006 and July 15, 2007, respectively.