FLOWSERVE CORP — Director's Dealing 2008

May 19, 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)	S	1500	$126.79	Disposed	26045	Direct
2008-05-14	Common Stock ($1.25 par value per share)	F	295	$126.79	Disposed	25750	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 stock options exercised and sold by the reporting person.

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