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FLOWSERVE CORP Director's Dealing 2006

Jul 19, 2006

30825_dirs_2006-07-19_77082e93-3cb7-45da-9d4d-c2eb3b3b7f23.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: 2006-07-15

Reporting Person: Guiltinan Richard J JR (VP,Controller,Chief Acct Ofcr)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2006-07-15 Common Stock ($1.25 par value per share) F 230 $53.00 Disposed 20817 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock ($1.25 par value per share) 95.17 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (right-to-buy) $22.90 2014-07-15 Common Stock (4300) 4300 Direct
Stock Option (right-to-buy) $24.90 2015-02-16 Common Stock (4500) 4500 Direct
Stock Option (right-to-buy) $27.97 2015-04-20 Common Stock (5000) 5000 Direct
Stock Option (right-to-buy) $30.95 2015-07-13 Common Stock (9500) 9500 Direct

Footnotes

F1: 2,867 option shares are vested and exercisable and the remaining 1,433 option shares vest on July 15, 2007.

F2: 1,500 option shares are vested and exercisable and the remaining 3,000 option shares vest in two equal annual installments on February 16, 2007 and February 16, 2008.

F3: 1,667 option shares are vested and exercisable and the remaining 3,333 option shares vest as follows: 1,666 shares on April 20, 2007 and 1,667 shares on April 20, 2008.

F4: 3,167 option shares are vested and exercisable and the remaining 6,333 option shares vest as follows: 3,166 shares on July 14, 2007 and 3,167 shares on July 14, 2008.