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FLOWSERVE CORP — Director's Dealing 2010
May 18, 2010
30825_dirs_2010-05-18_8513929d-914a-4666-8306-46bca927a050.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: FLOWSERVE CORP (FLS)
CIK: 0000030625
Period of Report: 2010-05-14
Reporting Person: RUSNACK WILLIAM C (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-05-14 | Common Stock ($1.25 par value per share) | A | 932 | $107.24 | Acquired | 2410 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-05-14 | Phantom Stock | $ | A | 161 | Acquired | Common Stock (161) | Direct |
Footnotes
F1: Represents the annual restricted stock grant for the director under the Flowserve Equity and Incentive Compensation Plan. The shares vest on May 14, 2011.
F2: Each share of phantom stock is the economic equivalent of one share of common stock, and represents director compensation deferred in the form of common stock pursuant to the issuer's deferred compensation plan.
F3: The shares of phantom stock become payable in the form of common stock upon the reporting person's termination of service as a member of the issuer's board of directors.