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FLOWSERVE CORP Director's Dealing 2006

Apr 24, 2006

30825_dirs_2006-04-24_0b1b303e-3a49-40b9-82c8-fddcf8e489bc.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: 2006-04-20

Reporting Person: Jojo Linda P (VP, Chief Information Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2006-04-20 Common Stock ($1.25 par value per share) F 662 $56.31 Disposed 19023 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock ($1.25 par value per share) 84.3 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (right-to-buy) $23.25 2014-07-12 Common Stock (5000) 5000 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 (7500) 7500 Direct
Stock Option (right-to-buy) $30.95 2015-07-13 Common Stock (12500) 12500 Direct

Footnotes

F1: The option shares vest and become exercisable as follows: 1,667 shares on July 12, 2005; 1,666 shares on July 12, 2006 and 1,667 shares on July 12, 2007.

F2: The option shares vest and become exercisable in three equal annual installments on February 16, 2006; February 16, 2007 and February 16, 2008.

F3: The option shares vest and become exercisable in three equal annual installments on April 20, 2006; April 20, 2007 and April 20, 2008.

F4: The option shares vest and become exercisable in three equal annual installments on July 14, 2006; July 14, 2007 and July 14, 2008.