SEC Form 4 · accession 0000030625-15-000085
FLOWSERVE CORP · FLS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas L Pajonas
Officer — EVP, Chief Operating Officer
Period of report
Aug 12, 2015
Accepted (ET)
Aug 13, 2015 · 5:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000030625
Table I — non-derivative securities
No Table I lines on this filing.
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 | Aug 12, 2015 | A | 50,000 | A | — | — | Common Stock | 50,000 | 149,000 | D |
Explanation of responses
- F1Represents a performance share award granted under the Flowserve Corporation Equity and Incentive Compensation Plan. The award will cliff vest, if at all, at a rate of 100% on December 31, 2018 based on the achievement of organizational structure and leadership development strategy objectives, as determined by the company's board of directors.