0000030625-16-000181.txt : 20160804
0000030625-16-000181.hdr.sgml : 20160804
20160804172933
ACCESSION NUMBER: 0000030625-16-000181
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160802
FILED AS OF DATE: 20160804
DATE AS OF CHANGE: 20160804
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: FLOWSERVE CORP
CENTRAL INDEX KEY: 0000030625
STANDARD INDUSTRIAL CLASSIFICATION: PUMPS & PUMPING EQUIPMENT [3561]
IRS NUMBER: 310267900
STATE OF INCORPORATION: NY
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 5215 N. O'CONNOR BLVD.
STREET 2: SUITE 2300
CITY: IRVING
STATE: TX
ZIP: 75039
BUSINESS PHONE: 9724436500
MAIL ADDRESS:
STREET 1: 5215 N. O'CONNOR BLVD.
STREET 2: SUITE 2300
CITY: IRVING
STATE: TX
ZIP: 75039
FORMER COMPANY:
FORMER CONFORMED NAME: DURCO INTERNATIONAL INC
DATE OF NAME CHANGE: 19970508
FORMER COMPANY:
FORMER CONFORMED NAME: DURIRON CO INC
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: THE DURIRON CO INC
DATE OF NAME CHANGE: 19900509
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Pajonas Thomas L
CENTRAL INDEX KEY: 0001290057
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13179
FILM NUMBER: 161808551
MAIL ADDRESS:
STREET 1: MERITOR, INC.
STREET 2: 2135 WEST MAPLE ROAD
CITY: TROY
STATE: MI
ZIP: 48084-7186
4
1
wf-form4_147034616068168.xml
FORM 4
X0306
4
2016-08-02
0
0000030625
FLOWSERVE CORP
FLS
0001290057
Pajonas Thomas L
5215 N. O'CONNOR BLVD., SUITE 2300
IRVING
TX
75039
0
1
0
0
EVP, Chief Operating Officer
Common Stock ($1.25 par value per share)
2016-08-02
4
S
0
35000
45.4887
D
99487
D
Performance Rights
Common Stock
116480.0
116480
D
The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $45.28 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.
/s/ Carey A. O'Connor, attorney-in-fact
2016-08-04