FLOWSERVE CORP 4
4 · FLOWSERVE CORP · Filed Mar 30, 2017
Insider Transaction Report
Form 4
Jackson Kim
President, EPO
Transactions
- Tax Payment
Common Stock
2017-03-28$47.18/sh−538$25,383→ 9,377 total - Exercise/Conversion
Common Stock
2017-03-28+1,964→ 9,915 total - Exercise/Conversion
Performance Rights
2017-03-28−1,730→ 17,025 total→ Common Stock (1,730 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 109% (plus dividends accrued on the underlying shares) based on: 1) the issuer's average return on net assets ("RONA") and 2) the issuer's growth in bookings as compared to GDP growth of countries in the Organisation for Economic Co-operation and Development during a three-year performance cycle beginning on January 1, 2014 and ending on December 31, 2016.