Form Type: 4

SEC EDGAR Link
Accession Number:0000030625-18-000032
Date:2018-04-16
Issuer: FLOWSERVE CORP (FLS)
Original Submission Date:

Reporting Person:

BURGER ELIZABETH
5215 NORTH O'CONNOR BLVD SUITE 2300
IRVING, TX 75039

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
RESTRICTED STOCK UNITS 0.0 2018-04-16 deemed execution date A 2,000 (a) common stock 2,000 $0.00 2,000 direct
RESTRICTED STOCK UNITS 0.0 2018-04-16 deemed execution date A 8,400 (a) common stock 8,400 $0.00 10,400 direct
PERFORMANCE RIGHTS 0.0 2018-04-16 deemed execution date A 8,400 (a) common stock 8,400 $0.00 8,400 direct
Footnotes
IDfootnote
f1 each restricted stock unit represents the right to receive, at settlement, one share of common stock and are granted to the reporting person pursuant to the issuer's long-term incentive compensation plan for employees. the shares vest ratably on april 16, 2019, april 16, 2020 and april 16, 2021.
f2 each restricted stock unit represents the right to receive, at settlement, one share of common stock and are granted to the reporting person pursuant to the issuer's long-term incentive compensation plan for employees. the shares vest ratably on february 28, 2019, february 29, 2020 and february 28, 2021
f3 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 are based on two factors during a three-year performance cycle beginning on january 1, 2018 and ending on december 31, 2020 which are: 1) the issuer's relative total share holder return ("tsr") in comparison to the tsr averages of a predetermined peer group over the performance cycle; and 2) the issuer's return on invested capital measured against the issuer's performance relative to its weighted average cost of capital and relative to a predetermined peer group 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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