FLOWSERVE CORP — Director's Dealing 2004

Jun 18, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FLOWSERVE CORP (FLS)
CIK: 0000030625
Period of Report: 2004-06-17

Reporting Person: JACKO JOHN H (VP, Marketing & Comm.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-06-17	Common Stock ($1.25 par value per share)	A	750	$23.02	Acquired	10750	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right-to-buy)	$24.84	2012-07-17	Common Stock (3000)	3000	Direct
Stock Option (right-to-buy)	$19.15	2013-07-17	Common Stock (7500)	7500	Direct

Footnotes

F1: Amount reported includes 2,500 shares of restricted stock awarded under Issuer's 1998 Restricted Stock Plan and 7,500 Restricted Stock Units awarded under the Issuer's 2002 Restricted Stock Plan.

F2: 1,000 option shares vested and became exercisable on on July 17, 2004, and the remaining 2,000 option shares vest and become exercisable in an equal amount on July 17, 2005 and July 17, 2006, respectively.

F3: Option shares vest in three (3) equal annual installments on July 17, 2004, July 17, 2005 and July 17, 2006, respectively.