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FLOWSERVE CORP Director's Dealing 2006

Mar 31, 2006

30825_dirs_2006-03-31_748a6a29-1451-46f6-b9f7-d1ff616bf5ec.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: 2006-03-29

Reporting Person: FERGUSON THOMAS E (VP, Division President-FPD)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2006-03-29 Common Stock ($1.25 par value per share) A 1287 $57.46 Acquired 4116 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock ($1.25 par value per share) 7468 Indirect
Common Stock ($1.25 par value per share) 46697 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock option (right-to-buy) $22.9 2014-07-15 Common Stock (9000) 9000 Direct
Stock option (right-to-buy) $19.15 2013-07-17 Common Stock (15000) 15000 Direct
Stock option (right-to-buy) $24.84 2012-07-17 Common Stock (3200) 3200 Direct
Stock option (right-to-buy) $27.12 2011-07-18 Common Stock (4000) 4000 Direct
Stock option (right-to-buy) $17.81 2010-08-22 Common Stock (3000) 3000 Direct
Stock option (right-to-buy) $17 2009-08-03 Common Stock (3167) 3167 Direct
Stock option (right-to-buy) $30 2007-10-23 Common Stock (3900) 3900 Direct
Stock option (right-to-buy) $24.9 2015-02-16 Common Stock (12000) 12000 Direct
Stock option (right-to-buy) $30.95 2015-07-13 Common Stock (12000) 12000 Direct
Stock option (right-to-buy) $48.17 2016-02-15 Common Stock (17600) 17600 Direct

Footnotes

F1: 3,000 option shares are fully vested and exercisable and the remaining 6,000 option shares vest in two equal annual installments on July 15, 2006 and July 15, 2007, respectively.

F2: 10,621 option shares are fully vested and exercisable and the remaining 4,379 option shares vest on July 17, 2006.

F3: Option shares are fully vested and exercisable.

F4: 4,000 option shares are fully vested and exercisable and the remaining 8,000 option shares vest in two equal annual installments on February 16, 2007 and February 16, 2008, respectively.

F5: The option shares vest and become exercisable in three (3) equal annual installments commencing on July 14, 2006, and then on July 14, 2007 and July 14, 2008, respectively.

F6: The option shares vest and become exercisable in three (3) equal annual installments commencing on February 16, 2007 and then on February 16, 2008 and February 16, 2009, respectively.