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FLOWSERVE CORP — Director's Dealing 2006
Feb 18, 2006
30825_dirs_2006-02-17_1ea1291f-4aee-430c-af97-6bd31a95b013.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: 2006-02-15
Reporting Person: KLING LEWIS M (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2006-02-15 | Common Stock ($1.25 par value per share) | A | 55000 | $48.17 | Acquired | 161300 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2006-02-15 | Stock Option (right-to-buy) | $48.17 | A | 90000 | Acquired | 2016-02-15 | Common Stock (90000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock ($1.25 par value per share) | 41 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (right-to-buy) | $23.27 | 2014-07-09 | Common Stock (75000) | 75000 | Direct |
| Stock Option (right-to-buy) | $24.90 | 2015-02-16 | Common Stock (21000) | 21000 | Direct |
| Stock Option (right-to-buy) | $30.95 | 2015-07-13 | Common Stock (11000) | 11000 | Direct |
| Stock Option (right-to-buy) | $33.86 | 2015-07-28 | Common Stock (69748) | 69748 | Direct |
Footnotes
F1: The 55,000 shares of restricted common stock were issued under the Flowserve Corporation 2004 Stock Compensation Plan. One-third of the shares vests on February 16, 2007 and the remaining thirds vest on February 16, 2008 and February 16, 2009, respectively.
F2: The option shares vest and become exercisable in three (3) equal annual installments beginning on July 9, 2005, and then on July 9, 2006 and July 9, 2007, respectively.
F3: The option shares vest and become exercisable in three (3) equal installments commencing on February 16, 2006, and then on February 16, 2007 and February 16, 2008, respectively.
F4: The option shares vest and become exercisable in three (3) equal installments commencing on July 14, 2006, and then on July 14, 2007 and July 14, 2008, respectively.
F5: The option shares vest and become exercisable in three (3) equal installments commencing on July 28, 2006, and then on July 28, 2007 and July 28, 2008, respectively.
F6: The option shares vest and become exercisable in three (3) equal installments commencing on February 16, 2007, and then on February 16, 2008 and February 16, 2009, respectively.