FLOWSERVE CORP 4
4 · FLOWSERVE CORP · Filed Apr 2, 2015
Insider Transaction Report
Form 4
DAILEY MARK D
SVP HR & Chief Compliance Ofcr
Transactions
- Exercise/Conversion
Common Stock ($1.25 par value per share)
2015-03-24+22,191→ 42,502 total - Tax Payment
Common Stock ($1.25 par value per share)
2015-03-24$57.36/sh−8,662$496,852→ 33,840 total - Exercise/Conversion
Performance Rights
2015-03-24−11,040→ 22,620 total→ Common Stock (11,040 underlying)
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 195.1% (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, 2012 and ending on December 31, 2014.