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FLOWSERVE CORP — Director's Dealing 2006
Feb 18, 2006
30825_dirs_2006-02-17_e95f4368-5143-4610-9362-6647f6372b58.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: PINKSTON JOSEPH R III (VP, Human Resources)
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 | 7000 | $48.17 | Acquired | 16000 | 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 | 12000 | Acquired | 2016-02-15 | Common Stock (12000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock ($1.25 par value per share) | 655 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (right-to-buy) | $33.61 | 2015-10-12 | Common Stock (15000) | 15000 | Direct |
Footnotes
F1: The 7,000 shares of restricted common stock were issued under the Flowserve Corporation 2004 Stock Compensation Plan. One-third of the shares vest February 16, 2007 and the remaining thirds vest on February 16, 2008 and February 16, 2009, respectively.
F2: Option shares vest and become exercisable in three (3) equal annual installments beginning on October 12, 2006, with the remaining thirds vesting on October 12, 2007 and October 12, 2008.
F3: Option shares vest and become exercisable in three (3) equal annual installments commencing on February 16, 2007 and the remaining thirds vest on February 16, 2008 and February 16, 2009, respectively.