FLOWSERVE CORP — Director's Dealing 2006

Aug 28, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FLOWSERVE CORP (FLS)
CIK: 0000030625
Period of Report: 2006-08-24

Reporting Person: RAMPACEK CHARLES M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-24	Common Stock ($1.25 par value per share)	A	4040	$0.00	Acquired	28320	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock ($1.25 par value per share)	1200	Indirect
Common Stock ($1.25 par value per share)	7800	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right-to-buy)	$13.13	2010-04-20	Common Stock (2000)	2000	Direct
Stock Option (right-to-buy)	$25.69	2011-04-19	Common Stock (1500)	1500	Direct
Stock Option (right-to-buy)	$32.12	2012-04-18	Common Stock (1500)	1500	Direct
Stock Option (right-to-buy)	$14.29	2013-04-21	Common Stock (1500)	1500	Direct

Footnotes

F1: The Reporting Person disclaims beneficial ownership of Common Stock held by his wife in her IRA account, except to the extent of his pecuniary interest.

F2: Option shares are fully vested and exercisable.