FLOWSERVE CORP - Director's Dealing 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FLOWSERVE CORP (FLS)
CIK: 0000030625
Period of Report: 2007-08-23

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

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-08-23	Common Stock ($1.25 par value per share)	M	4016	$24.90	Acquired	20137	Direct
2007-08-24	Common Stock ($1.25 par value per share)	M	19271	$23.27	Acquired	124060	Indirect
2007-08-24	Common Stock ($1.25 par value per share)	S	19271	$68.96	Disposed	104789	Indirect

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-08-23	Stock Option (right-to-buy)	$24.90	M	4016	Disposed	2015-02-16	Common Stock (4016)	Direct
2007-08-24	Stock Option (right-to-buy)	$23.27	M	19271	Disposed	2014-07-09	Common Stock (19271)	Indirect

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

F2: Shares were disposed of pursuant to a 10b5-1 plan previously entered into by the reporting person.