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FLOWSERVE CORP Director's Dealing 2004

Jun 3, 2004

30825_dirs_2004-06-03_be4ba31c-1e1d-4f9c-8586-d1ac9c005c4b.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: 2004-06-02

Reporting Person: BEALL ANDREW J (President of Seals Division)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2004-06-02 Common Stock ($1.25 par value per share) A 2280 $21.93 Acquired 9123 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock option (right-to-buy) $27.56 2005-10-19 Common Stock (2280) 2280 Direct
Stock option (right-to-buy) $26.50 2006-10-23 Common Stock (1667) 1667 Direct
Stock option (right-to-buy) $30.00 2007-10-23 Common Stock (4000) 4000 Direct
Stock option (right-to-buy) $18.50 2008-11-02 Common Stock (2050) 2050 Direct
Stock option (right-to-buy) $18.50 2008-11-02 Common Stock (250) 250 Direct
Stock option (right-to-buy) $17.00 2009-08-02 Common Stock (2598) 2598 Direct
Stock option (right-to-buy) $17.00 2009-08-02 Common Stock (1935) 1935 Direct
Stock option (right-to-buy) $17.81 2010-08-22 Common Stock (3800) 3800 Direct
Stock option (right-to-buy) $27.12 2011-07-18 Common Stock (2500) 2500 Direct
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 (9000) 9000 Direct

Footnotes

F1: 2,280 option shares are fully vested and exercisble.

F2: 1,667 option shares are fully vested and exercisable.

F3: 4,000 option shares are fully vested and exercisable.

F4: 2,050 option shares are fully vested and exercisable.

F5: 250 option shares are fully vested and exercisable.

F6: 2,598 option shares are fully vested and exercisable.

F7: 1,935 option shares are fully vested and exercisable.

F8: 3,800 option shares are fully vested and exercisable.

F9: 1,667 option shares are fully vested and exercisable. The remaining 833 option shares vest on July 18, 2004.

F10: 1,000 option shares are fully vested and exercisable. Another 1,000 shares vest on July 17, 2004 and July 17, 2005, respectively.

F11: The option shares vest equally in three (3) annual installments on July 17, 2004, July 17, 2005 and July 17, 2006.