FLOWSERVE CORP — Director's Dealing 2007

Nov 13, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FLOWSERVE CORP (FLS)
CIK: 0000030625
Period of Report: 2007-11-10

Reporting Person: BLINN MARK A (SVP & Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-11-10	Common Stock ($1.25 par value per share)	M	6000	$90.07	Acquired	100069	Direct
2007-11-10	Common Stock ($1.25 par value per share)	F	2187	$90.07	Disposed	97882	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-11-10	Restricted Stock Units	$	M	6000	Disposed		Common Stock (6000)	Direct

Footnotes

F1: Issued under the Flowserve Corporation 2004 Stock Compensation Plan.

F2: Each restricted stock unit represents a contingent right to receive one share of Flowserve Corporation common stock.

F3: Vesting of the shares of restricted common stock is contingent upon reporting person's continued employment with the issuer. An expiration date is not applicable.