FLOWSERVE CORP - Director's Dealing 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FLOWSERVE CORP (FLS)
CIK: 0000030625
Period of Report: 2007-11-12

Reporting Person: BEALL ANDREW J (SVP & Pres Flow Solutions Div)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-11-12	Common Stock ($1.25 par value per share)	M	2500	$27.12	Acquired	37185	Direct
2007-11-12	Common Stock ($1.25 par value per share)	S	2500	$92.4512	Disposed	34685	Direct
2007-11-12	Common Stock ($1.25 par value per share)	M	3000	$24.84	Acquired	37685	Direct
2007-11-12	Common Stock ($1.25 par value per share)	S	3000	$92.4512	Disposed	34685	Direct
2007-11-12	Common Stock ($1.25 par value per share)	M	2500	$19.15	Acquired	37185	Direct
2007-11-12	Common Stock ($1.25 par value per share)	S	2500	$92.4512	Disposed	34685	Direct
2007-11-12	Common Stock ($1.25 par value per share)	M	5528	$22.90	Acquired	40213	Direct
2007-11-12	Common Stock ($1.25 par value per share)	S	5528	$92.4512	Disposed	34685	Direct
2007-11-12	Common Stock ($1.25 par value per share)	M	1626	$24.90	Acquired	36311	Direct
2007-11-12	Common Stock ($1.25 par value per share)	M	1626	$92.4512	Disposed	34685	Direct
2007-11-12	Common Stock ($1.25 par value per share)	M	5041	$24.90	Acquired	39726	Direct
2007-11-12	Common Stock ($1.25 par value per share)	S	5041	$92.4512	Disposed	34685	Direct
2007-11-12	Common Stock ($1.25 par value per share)	M	4167	$30.95	Acquired	38852	Direct
2007-11-12	Common Stock ($1.25 par value per share)	S	4167	$92.4512	Disposed	34685	Direct
2007-11-12	Common Stock ($1.25 par value per share)	S	2000	$92.4512	Disposed	32685	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-11-12	Stock Option (right-to-buy)	$24.90	M	1626	Disposed	2015-02-16	Common Stock (1626)	Direct
2007-11-12	Stock Option (right-to-buy)	$24.90	M	5041	Disposed	2015-02-16	Common Stock (5041)	Direct
2007-11-12	Stock Option (right-to-buy)	$30.95	M	4167	Disposed	2015-07-13	Common Stock (4167)	Direct
2007-11-12	Stock Option (right-to-buy)	$27.12	M	2500	Disposed	2011-07-18	Common Stock (2500)	Direct
2007-11-12	Stock Option (right-to-buy)	$24.84	M	3000	Disposed	2012-07-17	Common Stock (3000)	Direct
2007-11-12	Stock Option (right-to-buy)	$19.15	M	2500	Disposed	2013-07-17	Common Stock (2500)	Direct
2007-11-12	Stock Option (right-to-buy)	$22.90	M	5528	Disposed	2014-07-15	Common Stock (5528)	Direct

F1: Shares were disposed of pursuant to a 10b5-1 plan previously entered into by the reporting person.

F2: The option shares are fully vested and exercisable.

F3: 5,041 option shares are vested and exercisable and the remaining 3,333 shares will vest and become exercisable on February 16, 2008.

F4: 7,784 option shares are vested and exercisable and the remaining 3,618 option shares will vest and become exercisable on July 14, 2008.