FLOWSERVE CORP — Director's Dealing 2010

Nov 8, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FLOWSERVE CORP (FLS)
CIK: 0000030625
Period of Report: 2010-11-05

Reporting Person: BLINN MARK A (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-05	Common Stock ($1.25 par value per share)	S	513	$99.05	Disposed	65721	Direct
2010-11-05	Common Stock ($1.25 par value per share)	S	800	$100.18	Disposed	64921	Direct
2010-11-05	Common Stock ($1.25 par value per share)	S	1100	$101.53	Disposed	63821	Direct
2010-11-05	Common Stock ($1.25 par value per share)	S	900	$102.13	Disposed	62921	Direct
2010-11-05	Common Stock ($1.25 par value per share)	S	3000	$103.95	Disposed	59921	Direct
2010-11-05	Common Stock ($1.25 par value per share)	S	500	$104.27	Disposed	59421	Direct
2010-11-05	Common Stock ($1.25 par value per share)	M	1913	$52.25	Acquired	61334	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-05	Stock Option (right-to-buy)	$52.25	M	1913	Disposed	2016-12-14	Common Stock (1913)	Direct

Footnotes

F1: The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $98.840 to $99.480, inclusive. The reporting person undertakes to provide Flowserve Corporation, any security holder of Flowserve Corporation or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

F2: The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $99.860 to $100.490, inclusive.

F3: The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $100.970 to $101.940, inclusive.

F4: The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $101.975 to $102.380, inclusive.

F5: The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $103.180 to $104.150, inclusive.

F6: The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $104.220 to $104.325, inclusive.