4//SEC Filing
FLOWSERVE CORP 4
Accession 0000030625-15-000012
$FLSCIK 0000030625operating
Filed
Feb 5, 7:00 PM ET
Accepted
Feb 6, 4:28 PM ET
Size
9.3 KB
Accession
0000030625-15-000012
Insider Transaction Report
Form 4
Taff Michael S
SVP and CFO
Transactions
- Award
Common Stock ($1.25 par value per share)
2015-02-04+11,880→ 67,750 total - Tax Payment
Common Stock ($1.25 par value per share)
2015-02-05$58.08/sh−3,244$188,412→ 64,506 total - Award
Performance Rights
2015-02-04+11,880→ 52,260 totalExp: 2017-12-31→ Common Stock (11,880 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% and may be based on a number of factors during a three-year performance cycle beginning on January 1, 2015 and ending on December 31, 2017, 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; 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; and 3) earnings per share growth over the 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 5, 7:00 PM ET
- Accepted
- Feb 6, 4:28 PM ET
- Size
- 9.3 KB