SEC Form 4 · accession 0000030625-16-000134

FLOWSERVE CORP · FLS

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP, Chief Operating Officer

Period of report

Mar 21, 2016

Accepted (ET)

Mar 23, 2016 · 5:03 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
Common Stock ($1.25 par value per share)^F1	Mar 21, 2016	M	38,302	—	A	147,347	D
Common Stock ($1.25 par value per share)^F2	Mar 21, 2016	M	4,344	—	A	151,691	D
Common Stock ($1.25 par value per share)	Mar 21, 2016	F	17,204	$47.21	D	134,487	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance Rights^F1	—	Mar 21, 2016	M	20,430	D	—	—	Common Stock	20,430	158,480	D
Performance Rights^F2	—	Mar 21, 2016	M	42,000	D	—	—	Common Stock	42,000	116,480	D

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.
F2Each 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.