Home > Insider Trading > Filing (0000030625-15-000023)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
30625	Flowserve Corp	FLS	Pumps & Pumping Equipment (3561)	310267900

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1290057	L Thomas Pajonas	5215 N. O'Connor Blvd., Suite 2300 Irving TX 75039	Svp, Chief Operating Officer	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock ($1.25 Par Value Per Share)	Disposition	2015-02-20	40,000	$62.48	52,990	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Performance Rights	$0.00		2017-12-31	125,910	125,910	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2017-12-31	125,910	125,910	Direct

Footnotes

The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $61.91 to 62.90, inclusive. The reporting person undertakes to provide Flowserve Corporation, any security holder of Flowserve Corporation or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
Each performance right represents a contingent right to receive one share of the issuer's common stock at vesting. The performance rights vest at a rate between 0% and 200% and may be based on a number of factors during a three-year performance cycle which may include but is not limited to: 1) the issuer's average return on net assets ("RONA") in comparison to the RONA averages of a predetermined peer group over the performance cycle; 2) the issuer's growth in bookings in comparison to the growth in gross domestic product of countries that are members of the Organisation for Economic Co-operation and Development over the performance cycle; and 3) earnings per share growth over the performance cycle. The performance rights may be settled, at the issuer's discretion, in cash or shares of common stock.