FLOWSERVE CORP — Director's Dealing 2008

May 20, 2008

SEC Form 4/A — Form 4/A

Issuer: FLOWSERVE CORP (FLS)
CIK: 0000030625
Period of Report: 2008-05-14

Reporting Person: Guiltinan Richard J JR (VP,Controller,Chief Acct Ofcr)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-14	Common Stock ($1.25 par value per share)	M	1500	$24.90	Acquired	27545	Direct
2008-05-14	Common Stock ($1.25 par value per share)	F	295	$126.79	Disposed	27250	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-14	Stock Option (right-to-buy)	$24.90	M	1500	Disposed	2015-02-16	Common Stock (1500)	Direct

Footnotes

F1: This amendment is filed solely to correct the amount of securities disposed and the amount of securities beneficially owned which were incorrectly stated in the Form 4A filed on May 19, 2008.

F2: All of the option shares are fully vested and exercisable.