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FLOWSERVE CORP Director's Dealing 2006

Feb 21, 2006

30825_dirs_2006-02-21_c1a9cef7-812a-415a-8300-5653be5884d8.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: JACKO JOHN H (VP-Strategy, Mkt. & Comm.)

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 382 $48.99 Disposed 27492 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock ($1.25 par value per share) 73 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock option (right-to-buy) $22.90 2014-07-15 Common Stock (5500) 5500 Direct
Stock option (right-to-buy) $19.15 2013-07-17 Common Stock (7500) 7500 Direct
Stock option (right-to-buy) $24.84 2012-07-17 Common Stock (3000) 3000 Direct
Stock Option (right-to-buy) $24.90 2015-02-16 Common Stock (5500) 5500 Direct
Stock Option (right-to-buy) $30.95 2015-07-13 Common Stock (9000) 9000 Direct
Stock Option (right-to-buy) $48.17 2016-02-15 Common Stock (10000) 10000 Direct

Footnotes

F1: The option shares vest in three (3) equal annual installments beginning on July 15, 2005, with the remaining thirds vesting on July 15, 2006 and July 15, 2007, respectively.

F2: 3,589 option shares are vested and fully exercisable; another 1,411 option shares vest on July 17, 2005 and the remaining 2,500 option shares vest on July 17, 2006.

F3: 2,000 option shares are fully vested and exercisable, the remaining 1,000 option shares vest on July 17, 2005.

F4: The option shares vest and become exercisable in three (3) equal annual installments commencing on February 16, 2006, 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, 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, February 16, 2008 and February 16, 2009, respectively.