FLOWSERVE CORP — Director's Dealing 2007

May 19, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FLOWSERVE CORP (FLS)
CIK: 0000030625
Period of Report: 2007-05-17

Reporting Person: FIX ROGER L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-17	Common Stock ($1.25 par value per share)	A	1483	$0.00	Acquired	4626	Indirect
2007-05-17	Common Stock ($1.25 par value per share)	A	235	$67.12	Acquired	4861	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock ($1.25 par value per share)	0	Direct

Footnotes

F1: Shares represent restricted common stock granted to the reporting person as part of his annual director compensation under the Flowserve Corporation 2004 Stock Compensation Plan. The shares vest on May 17, 2008.