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FLOWSERVE CORP Director's Dealing 2006

Feb 18, 2006

30825_dirs_2006-02-17_2f6e1e46-edd1-4793-a4ae-c4c5c01a72ab.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: FERGUSON THOMAS E (VP, Division President-FPD)

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 10800 $48.17 Acquired 47470 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 17600 Acquired 2016-02-15 Common Stock (17600) 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

Footnotes

F1: The reporting person previously reported grants by issuer of restricted common stock on Table II. As the restricted common stock has vested, the vesting was previously reported as a settlement of a derivative security. The reporting person will begin reporting these grants on Table I. Accordingly, this amount reflects the total shares of restricted common stock previously granted to the reporting person. New grant represents 10,800 shares of restricted common stock that will vest in three (3) equal installments commencing on February 16, 2007 and then on February 16, 2008 and February 16, 2009, respectively.

F2: 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.

F3: 10,621 option shares are fully vested and exercisable; the remaining 4,379 option shares vest on July 17, 2006.

F4: 2,133 option shares are fully vested and exercisable; the remaining 1,067 option shares vest on July 17, 2005

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: Option shares are fully vested and exercisable.

F10: 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.

F11: 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.

F12: The option shares vest and become exercisable in three (3) equal annual installments commencing on February 16, 2007 and then on February 16, 2008 amd February 16,2009, respectively.