Filing Details

Accession Number:
0000030625-15-000024
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-02-20 17:56:31
Reporting Period:
2015-02-20
Filing Date:
2015-02-20
Accepted Time:
2015-02-20 17:56:31
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
1329526 S Michael Taff 5215 N. O'Connor Blvd.
Suite 2300
Irving TX 75039
Svp And Cfo 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 30,000 $62.48 32,102 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 52,260 52,260 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2017-12-31 52,260 52,260 Direct
Footnotes
  1. 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.
  2. 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.