FLOWSERVE CORP - Director's Dealing 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FLOWSERVE CORP (FLS)
CIK: 0000030625
Period of Report: 2007-12-03

Reporting Person: KLING LEWIS M (Director, President and CEO)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-12-03	Common Stock ($1.25 par value per share)	M	9984	$24.90	Acquired	114773	Indirect
2007-12-03	Common Stock ($1.25 par value per share)	S	9984	$93.84	Disposed	104789	Indirect
2007-12-03	Common Stock ($1.25 par value per share)	M	7333	$30.95	Acquired	112122	Indirect
2007-12-03	Common Stock ($1.25 par value per share)	S	7333	$93.84	Disposed	104789	Indirect

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-12-03	Stock Option (right-to-buy)	$24.90	M	9984	Disposed	2015-02-16	Common Stock (9984)	Indirect
2007-12-03	Stock Option (right-to-buy)	$30.95	M	7333	Disposed	2015-07-13	Common Stock (7333)	Indirect

F1: 9,984 option shares are fully vested and exercisable and the remaining 2,984 option shares vest on February 16, 2008.

F2: 7,333 option shares are fully vested and exercisable and the remaining 3,667 option shares vest on July 14, 2008.