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FLOWSERVE CORP Director's Dealing 2006

Feb 21, 2006

30825_dirs_2006-02-21_43b9b98a-04ee-479f-9db7-c838c2323c97.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: 2006-02-16

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2006-02-16 Common Stock ($1.25 par value per share) F 773 $48.99 Disposed 49364 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock ($1.25 par value per share) 7468 Indirect
Common Stock ($1.25 par value per share) 2829 Indirect

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 (1752) 1752 Direct
Stock option (right-to-buy) $17 2009-08-03 Common Stock (1415) 1415 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: Option shares vest and become exercisable in three (3) equal annual installments commencing on July 15, 2005 and then on July 15, 2006 and July 15, 2007, respectively.

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

F3: 2,133 option shares are fully vested and exercisable; the remaining 1,067 option shares vest on July 17, 2005.

F4: Option shares are fully vested and exercisable.

F5: Option shares are fully vested and exercisable.

F6: Option shares are fully vested and exercisable.

F7: Option shares are fully vested and exercisable.

F8: Option shares are fully vested and exercisable.

F9: The option shares vest and become exercisable in three (3) equal annual installments commencing on February 16, 2006, and then on February 16, 2007 and February 16, 2008, respectively.

F10: 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.

F11: 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.