FLOWSERVE CORP — Director's Dealing 2016

Mar 23, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FLOWSERVE CORP (FLS)
CIK: 0000030625
Period of Report: 2016-03-21

Reporting Person: Pajonas Thomas L (EVP, Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-21	Common Stock ($1.25 par value per share)	M	38302	—	Acquired	147347	Direct
2016-03-21	Common Stock ($1.25 par value per share)	M	4344	—	Acquired	151691	Direct
2016-03-21	Common Stock ($1.25 par value per share)	F	17204	$47.21	Disposed	134487	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-21	Performance Rights	$	M	20430	Disposed		Common Stock (20430.0)	Direct
2016-03-21	Performance Rights	$	M	42000	Disposed		Common Stock (42000.0)	Direct

Footnotes

F1: Each performance right represented a contingent right to receive one share of the issuer's common stock at vesting. The performance rights vested at a rate of 181.3% (plus dividends accrued on the underlying shares) based on the issuer's average return on net assets ("RONA") during a three-year performance cycle beginning on January 1, 2013 and ending on December 31, 2015.

F2: Each performance right represented a contingent right to receive one share of the issuer's common stock at vesting. The performance rights vested at a rate of 10.0% (plus dividends accrued on the underlying shares) based on meeting succession planning objectives of identifying and naming three or more operating presidents.