SEC Form 4 · accession 0000030625-18-000001
FLOWSERVE CORP · FLS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas L Pajonas
Officer — EVP
Period of report
Dec 29, 2017
Accepted (ET)
Jan 2, 2018 · 5:17 pm EST
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 | Dec 29, 2017 | M | 51,925 | — | A | 111,845 | D | |
| Common Stock ($1.25 par value per share) | Dec 29, 2017 | F | 24,689 | $42.13 | D | 87,156 | 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 | — | Dec 29, 2017 | M | 50,000 | D | — | — | Common Stock | 50,000 | 76,180 | 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 100% (plus dividends accrued on the underlying shares) based on meeting succession planning objectives in connection with Mr. Pajonas' retirement.