FLOWSERVE CORP — Director's Dealing 2008

Aug 4, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FLOWSERVE CORP (FLS)
CIK: 0000030625
Period of Report: 2008-08-04

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-04	Common Stock ($1.25 par value per share)	M	6000	$30.95	Acquired	76737	Direct
2008-08-04	Common Stock ($1.25 par value per share)	S	16703	$125.259	Disposed	60034	Direct
2008-08-04	Common Stock ($1.25 par value per share)	S	100	$125.97	Disposed	59934	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-08-04	Stock Option (right-to-buy)	$30.95	M	6000	Disposed	2015-07-13	Common Stock (6000)	Direct

Footnotes

F1: Represents the weighted average sale price of the securities sold. The shares of common stock reported were sold at prices within the range of $124.94 to $125.79. The reporting person hereby undertakes to provide, upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.