FLOWSERVE CORP — Director's Dealing 2018

Dec 21, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FLOWSERVE CORP (FLS)
CIK: 0000030625
Period of Report: 2018-12-18

Reporting Person: Wilson David J. (President, FPD)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-12-19	Performance Rights	$	A	8590	Acquired		Common Stock (8590.0)	Direct

Footnotes

F1: Each performance right represents a contingent right to receive one share of the issuer's common stock at vesting. The performance rights vest at a rate between 0% and 200% and are based on three factors measured over a two-year performance cycle beginning on January 1, 2019 and ending on December 31, 2020 which are: 1) the issuer's operating income growth over the performance cycle; 2) the Flowserve Pump Division's operating income growth over the performance cycle; and 3) the Flowserve Pump Division's revenue growth over the performance cycle. The performance rights may be settled, at the issuer's discretion, in cash or shares of common stock.