FLOWSERVE CORP — Director's Dealing 2006

Mar 16, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FLOWSERVE CORP (FLS)
CIK: 0000030625
Period of Report: 2006-03-16

Reporting Person: SHEEHAN KEVIN E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-16	Common Stock ($1.25 par value per share)	G	1812	$0.00	Disposed	7000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock ($1.25 par value per share)	26571	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right-to-buy)	$13.13	2010-04-20	Common Stock (2200)	2200	Direct
Stock Option (right-to-buy)	$25.69	2011-04-19	Common Stock (1700)	1700	Direct
Stock Option (right-to-buy)	$32.12	2012-04-18	Common Stock (1700)	1700	Direct
Stock Option (right-to-buy)	$14.29	2013-04-21	Common Stock (1700)	1700	Direct

Footnotes

F1: Option shares are fully vested and exercisable.