SEC Form 4 · accession 0000030625-15-000036
FLOWSERVE CORP · FLS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas L Pajonas
Officer — SVP, Chief Operating Officer
Period of report
Mar 24, 2015
Accepted (ET)
Apr 2, 2015 · 6:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000030625
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock ($1.25 par value per share)F1 | Mar 24, 2015 | M | 54,090 | — | A | 107,080 | D | |
| Common Stock ($1.25 par value per share) | Mar 24, 2015 | F | 22,691 | $57.36 | D | 84,389 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance RightsF1 | $0.00 | Mar 24, 2015 | M | 26,910 | D | — | — | Common Stock | 26,910 | 99,000 | D |
Explanation of responses
- F1Each 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 195.1% (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, 2012 and ending on December 31, 2014.