4//SEC Filing
FLOWSERVE CORP 4
Accession 0000030625-14-000003
$FLSCIK 0000030625operating
Filed
Feb 6, 7:00 PM ET
Accepted
Feb 7, 5:24 PM ET
Size
9.0 KB
Accession
0000030625-14-000003
Insider Transaction Report
Form 4
DAILEY MARK D
SVP HR & Chief Compliance Ofcr
Transactions
- Tax Payment
Common Stock ($1.25 par value per share)
2014-02-05$70.87/sh−864$61,232→ 18,228 total - Award
Common Stock ($1.25 par value per share)
2014-02-05+5,940→ 24,168 total - Award
Performance Rights
2014-02-05+5,940→ 35,340 totalExp: 2016-12-31→ Common Stock (5,940 underlying)
Footnotes (2)
- [F1]Represents shares of restricted common stock 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.
- [F2]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%, based on the issuer's average return on net assets ("RONA") during a three-year performance cycle beginning on January 1, 2014 and ending on December 31, 2016 in comparison to the RONA averages of a predetermined peer group over the same performance cycle. The performance rights may be settled, at the issuer's discretion, in cash or shares of common stock.
Documents
Issuer
FLOWSERVE CORP
CIK 0000030625
Entity typeoperating
IncorporatedNY
Related Parties
1- filerCIK 0000030625
Filing Metadata
- Form type
- 4
- Filed
- Feb 6, 7:00 PM ET
- Accepted
- Feb 7, 5:24 PM ET
- Size
- 9.0 KB