SEC Form 4 · accession 0000030625-16-000130
FLOWSERVE CORP · FLS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark A Blinn
Officer — President & CEO · Director
Period of report
Mar 21, 2016
Accepted (ET)
Mar 23, 2016 · 5:02 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 StockF1 | Mar 21, 2016 | M | 88,471 | — | A | 350,540 | D | |
| Common Stock | Mar 21, 2016 | F | 37,114 | $47.21 | D | 313,426 | 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 | — | Mar 21, 2016 | M | 47,190 | D | — | — | Common Stock | 47,190 | 141,350 | 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 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.