SEC Form 4
FORM 4	UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL	

OMB Number:	
3235-0287	

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	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	 	 	
1. Name and Address of Reporting Person *
BEALL ANDREW J	

(Last)	
(First)	
(Middle)	

5215 N. O'CONNOR BLVD., SUITE 2300	

 	

(Street)
IRVING	
TX	
75039	

(City)	
(State)	
(Zip)	

	2. Issuer Name and Ticker or Trading Symbol
FLOWSERVE CORP [ FLS ]	5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
 	
Director	
 	
10% Owner	

X	
Officer (give title below)	
 	
Other (specify below)	

VP, Division President-FSD	

	 	
 	3. Date of Earliest Transaction (Month/Day/Year)
07/15/2004	 	 	 	
 	4. If Amendment, Date of Original Filed (Month/Day/Year)
	6. Individual or Joint/Group Filing (Check Applicable Line)
X	
Form filed by One Reporting Person	

 	
Form filed by More than One Reporting Person	

	 	 	
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned	 	
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)	5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)	 	
 	 	 	Code	V	Amount	(A) or (D)	Price	 	 	 	 	 	 	
Common Stock ($1.25 par value per share)	 	 	 	 	 	 	 	9,242	I	401(k)	 	 	 	
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)	 	
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)	5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)	6. Date Exercisable and Expiration Date (Month/Day/Year)	7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)	8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)	 	
 	 	 	 	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	 	 	 	 	 	 	 	 	
Stock Option (right-to-buy)	$27.56	 	 	 	 	 	 	(1)	10/19/2005	Common Stock	2,280	 	2,280	D	 	 	 	 	 	
Stock Option (right-to-buy)	$26.5	 	 	 	 	 	 	(2)	10/23/2006	Common Stock	1,667	 	1,667	D	 	 	 	 	 	
Stock Option (right-to-buy)	$30	 	 	 	 	 	 	(3)	10/23/2007	Common Stock	4,000	 	4,000	D	 	 	 	 	 	
Stock Option (right-to-buy)	$18.5	 	 	 	 	 	 	(4)	11/02/2008	Common Stock	2,050	 	2,050	D	 	 	 	 	 	
Stock Option (right-to-buy)	$18.5	 	 	 	 	 	 	(5)	11/02/2008	Common Stock	250	 	250	D	 	 	 	 	 	
Stock Option (right-to-buy)	$17	 	 	 	 	 	 	(6)	08/02/2009	Common Stock	2,598	 	2,598	D	 	 	 	 	 	
Stock Option (right-to-buy)	$17	 	 	 	 	 	 	(7)	08/02/2009	Common Stock	1,935	 	1,935	D	 	 	 	 	 	
Stock Option (right-to-buy)	$17.81	 	 	 	 	 	 	(8)	08/22/2010	Common Stock	3,800	 	3,800	D	 	 	 	 	 	
Stock Option (right-to-buy)	$27.12	 	 	 	 	 	 	(9)	07/18/2011	Common Stock	2,500	 	2,500	D	 	 	 	 	 	
Stock Option (right-to-buy)	$24.84	 	 	 	 	 	 	(10)	07/17/2012	Common Stock	3,000	 	3,000	D	 	 	 	 	 	
Stock Option (right-to-buy)	$19.15	 	 	 	 	 	 	(11)	07/17/2013	Common Stock	9,000	 	9,000	D	 	 	 	 	 	
Stock Option (right-to-buy)	$22.9	07/15/2004	 	A	 	7,500	 	07/15/2005	07/15/2014	Common Stock	7,500	$22.9	7,500	D	 	 	 	 	 	
Restricted Common Stock ($1.25 par value per share)	$0(12)	07/15/2004	 	A	 	7,500	 	(13)	(14)	Common Stock	7,500	$0(12)	7,500	D	 	 	 	 	 	
Explanation of Responses:	
1. 2,280 option shares are fully vested and exercisble.	
2. 1,667 option shares are fully vested and exercisable.	
3. 4,000 option shares are fully vested and exercisable.	
4. 2,050 option shares are fully vested and exercisable.	
5. 250 option shares are fully vested and exercisable.	
6. 2,598 option shares are fully vested and exercisable.	
7. 1,935 option shares are fully vested and exercisable.	
8. 3,800 option shares are fully vested and exercisable.	
9. 1,667 option shares are fully vested and exercisable. The remaining 833 option shares vest on July 18, 2004.	
10. 1,000 option shares are fully vested and exercisable. Another 1,000 shares vest on July 17, 2004 and July 17, 2005, respectively.	
11. The option shares vest equally in three (3) annual installments on July 17, 2004, July 17, 2005 and July 17, 2006.	
12. The shares of Restricted Common Stock shall be valued at the fair market value upon each vesting date. A conversion or exercise price is not applicable.	
13. One-half of the shares of Restricted Common Stock vests on July 15, 2009, with the remaining half vesting on July 15, 2014.	
14. Vesting of the shares of Restricted Common Stock is contingent upon continued employment with the Issuer. An expiration date is not applicable.	
 	/s/ Ronald F. Shuff, by power of attorney	07/19/2004	
 	** Signature of Reporting Person	Date	
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.	
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).	
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).	
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.	
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.