FLOWSERVE CORP 4
4 · FLOWSERVE CORP · Filed Mar 21, 2014
Insider Transaction Report
Form 4
DAILEY MARK D
SVP HR & Chief Compliance Ofcr
Transactions
- Exercise/Conversion
Common Stock ($1.25 par value per share)
2014-03-19+18,428→ 40,741 total - Exercise/Conversion
Performance Rights
2014-03-19−9,300→ 26,040 totalExp: 2013-12-31→ Common Stock (9,300 underlying) - Tax Payment
Common Stock ($1.25 par value per share)
2014-03-19$76.40/sh−7,628$582,779→ 33,113 total
Footnotes (1)
- [F1]Each performance right represented a contingent right to receive one share of the issuer's common stock at vesting. The performance rights vested at a rate of 191.6% (plus dividends accrued on the underlying shares) based on the issuer's average return on net assets ("RONA") during a three-year performance cycle beginning on January 1, 2011 and ending on December 31, 2013.