FLOWSERVE CORP — Director's Dealing 2006

Oct 23, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FLOWSERVE CORP (FLS)
CIK: 0000030625
Period of Report: 2006-10-19

Reporting Person: ROLLANS JAMES O (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-10-19	Common Stock ($1.25 par value per share)	F	696	$54.24	Disposed	0	Indirect
2006-10-19	Common Stock ($1.25 par value per share)	M	3484	$26.90	Acquired	3484	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-10-19	Stock Option (right-to-buy)	$26.90	M	3484	Disposed	2006-10-29	Common Stock (3484)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock ($1.25 par value per share)	26837	Indirect