FLOWSERVE CORP — Director's Dealing 2004

Jul 13, 2004

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: FLOWSERVE CORP (FLS)
CIK: 0000030625
Period of Report: 2004-07-12

Reporting Person: Jojo Linda P (VP & Chief Info Officer)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Common Stock ($1.25 par value per share)	$		Restricted Common Stock (2500)		Direct
Stock option (right-to-buy)	$23.25	2014-07-12	Common Stock (5000)		Direct

Footnotes

F1: One-third (1/3rd) of the shares of Restricted Common Stock vest on July 12, 2005; the remaining thirds vest on July 12, 2006 and July 12, 2007, respectively.

F2: Vesting of the shares of Restricted Common Stock is contingent upon continued employment with the Issuer. An expiration date is not applicable.

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: The option shares vest in three (3) equal annual installments beginning on July 12, 2005 and then on July 12, 2006 and July 12, 2007, respectively.