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FLOWSERVE CORP — Director's Dealing 2010
May 18, 2010
30825_dirs_2010-05-18_cdad203f-0092-436c-a0ce-127e99df9f05.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: DELLY GAYLA J (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-05-14 | Phantom Stock | $ | A | 932 | Acquired | Common Stock (932) | Direct | |
| 2010-05-14 | Phantom Stock | $ | A | 81 | Acquired | Common Stock (81) | Direct |
Footnotes
F1: Each share of phantom stock is the economic equivalent of one share of common stock, and represents the director's annual restricted stock grant deferred pursuant to the Flowserve Corporation 2004 Stock Compensation Plan. The restricted stock vests on May 14, 2011.
F2: The shares of phantom stock become payable in the form of common stock on 60 days following the reporting person's termination of service as a member of the issuer's board of directors.
F3: 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.