FLOWSERVE CORP — Director's Dealing 2007

Mar 9, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FLOWSERVE CORP (FLS)
CIK: 0000030625
Period of Report: 2007-03-06

Reporting Person: FERGUSON THOMAS E (SVP & Pres Flowserve Pump Div.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-06	Common Stock ($1.25 par value per share)	M	4000	$30.95	Acquired	52867	Direct
2007-03-06	Common Stock ($1.25 par value per share)	M	3167	$17.00	Acquired	56034	Direct
2007-03-06	Common Stock ($1.25 par value per share)	M	15000	$19.15	Acquired	71034	Direct
2007-03-06	Common Stock ($1.25 par value per share)	M	2743	$24.90	Acquired	73777	Direct
2007-03-06	Common Stock ($1.25 par value per share)	M	1057	$17.81	Acquired	74834	Direct
2007-03-06	Common Stock ($1.25 par value per share)	M	3900	$30.00	Acquired	78734	Direct
2007-03-06	Common Stock ($1.25 par value per share)	S	29867	$52.4308	Disposed	48867	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-03-06	Stock Option (right-to-buy)	$19.15	M	15000	Disposed	2013-07-17	Common Stock (15000)	Direct
2007-03-06	Stock Option (right-to-buy)	$17.81	M	1057	Disposed	2010-08-22	Common Stock (1057)	Direct
2007-03-06	Stock Option (right-to-buy)	$17.00	M	3167	Disposed	2009-08-31	Common Stock (3167)	Direct
2007-03-06	Stock Option (right-to-buy)	$30.00	M	3900	Disposed	2007-10-23	Common Stock (3900)	Direct
2007-03-06	Stock Option (right-to-buy)	$24.90	M	2743	Disposed	2015-02-16	Common Stock (2742)	Direct
2007-03-06	Stock Option (right-to-buy)	$30.95	M	4000	Disposed	2015-07-13	Common Stock (4000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock ($1.25 par value per share)	4116	Indirect
Common Stock ($1.25 par value per share)	7511.02	Indirect

Footnotes

F1: All of the option shares are fully vested and exercisable.