Filing Details
- Accession Number:
- 0000030625-16-000180
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-08-04 17:29:18
- Reporting Period:
- 2016-08-02
- Filing Date:
- 2016-08-04
- Accepted Time:
- 2016-08-04 17:29:18
- SEC Url:
- Form 4 Filing
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 |
|---|---|---|---|---|---|---|---|
| 1129149 | A Mark Blinn | 5215 N. O'Connor Blvd., Suite 2300 Irving TX 75039 | President & Ceo | Yes | 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 | Acquisiton | 2016-08-02 | 84,261 | $17.42 | 397,687 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2016-08-02 | 84,261 | $45.50 | 313,426 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option | Disposition | 2016-08-02 | 84,261 | $0.00 | 84,261 | $17.42 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2009-12-14 | 2016-12-14 | No | 4 | M | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Performance Rights | $0.00 | 141,350 | 141,350 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 141,350 | 141,350 | Direct |
Footnotes
- Mr. Blinn sold 54,150 shares of common stock in aggregate to pay for the cashless exercise of 84,261 options (reported on Table II of this Form 4) and the federal taxes associated with such exercise. Mr. Blinn also sold the remaining 30,111 shares of common stock resulting from the exercise. The options would have expired on December 14, 2016, in which event Mr. Blinn would have lost the right to acquire the shares underlying the options.
- The range reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $45.27 to $45.76, 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; and 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. The performance rights may be settled, at the issuer's discretion, in cash or shares of common stock.
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