FLOWSERVE CORP — Director's Dealing 2008

Aug 26, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FLOWSERVE CORP (FLS)
CIK: 0000030625
Period of Report: 2008-08-25

Reporting Person: DAILEY MARK D (SVP HR & Chief Compliance Ofcr)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-25	Common Stock ($1.25 par value per share)	M	5500	$30.95	Acquired	38838	Direct
2008-08-25	Common Stock ($1.25 par value per share)	F	767	$130.52	Disposed	38071	Direct
2008-08-25	Common Stock ($1.25 par value per share)	S	6000	$131.84	Disposed	32071	Direct
2008-08-25	Common Stock ($1.25 par value per share)	S	3985	$130.7772	Disposed	28086	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-08-25	Stock Option (right-to-buy)	$30.95	M	3231	Disposed	2015-07-13	Common Stock (3231)	Direct
2008-08-25	Stock Option (right-to-buy)	$30.95	M	2269	Disposed	2015-07-13	Common Stock (2269)	Direct