0000030625-17-000018.txt : 20170203
0000030625-17-000018.hdr.sgml : 20170203
20170203185429
ACCESSION NUMBER: 0000030625-17-000018
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170201
FILED AS OF DATE: 20170203
DATE AS OF CHANGE: 20170203
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: 17573625
MAIL ADDRESS:
STREET 1: MERITOR, INC.
STREET 2: 2135 WEST MAPLE ROAD
CITY: TROY
STATE: MI
ZIP: 48084-7186
4
1
wf-form4_148616605671869.xml
FORM 4
X0306
4
2017-02-01
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
Restricted Stock Units
2017-02-01
4
A
0
25490
0
A
Common Stock
25490.0
54226
D
Performance Rights
2017-02-01
4
A
0
25490
0
A
Common Stock
25490.0
141970
D
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 over a three-year period on each annual anniversary of the grant.
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, 2017 and ending on December 31, 2019 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.
/s/ Carey A. O'Connor, attorney-in-fact
2017-02-03