FLOWSERVE CORP 4
4 · FLOWSERVE CORP · Filed Feb 7, 2014
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.