FLOWSERVE CORP - Director's Dealing 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FLOWSERVE CORP (FLS)
CIK: 0000030625
Period of Report: 2007-08-14

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

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-08-14	Common Stock ($1.25 par value per share)	S	1000	$71.00	Disposed	91660	Direct
2007-08-14	Common Stock ($1.25 par value per share)	S	5500	$70.68	Disposed	86160	Direct
2007-08-14	Common Stock ($1.25 par value per share)	M	5650	$30.95	Acquired	91810	Direct
2007-08-14	Common Stock ($1.25 par value per share)	F	3684	$68.45	Disposed	88126	Direct
2007-08-14	Common Stock ($1.25 par value per share)	M	8032	$24.90	Acquired	96158	Direct
2007-08-14	Common Stock ($1.25 par value per share)	F	2922	$68.45	Disposed	93236	Direct
2007-08-14	Common Stock ($1.25 par value per share)	M	5500	$27.97	Acquired	98736	Direct
2007-08-14	Common Stock ($1.25 par value per share)	M	1000	$27.97	Acquired	99736	Direct
2007-08-15	Common Stock ($1.25 par value per share)	S	2500	$68.44	Disposed	97236	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-08-14	Stock Option (right-to-buy)	$24.90	M	8032	Disposed	2015-02-16	Common Stock (8032)	Direct
2007-08-14	Stock Option (right-to-buy)	$27.97	M	5500	Disposed	2015-04-20	Common Stock (5500)	Direct
2007-08-14	Stock Option (right-to-buy)	$27.97	M	1000	Disposed	2015-04-20	Common Stock (1000)	Direct
2007-08-14	Stock Option (right-to-buy)	$30.95	M	5650	Disposed	2015-07-13	Common Stock (5650)	Direct

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