FLOWSERVE CORP 4
4 · FLOWSERVE CORP · Filed Mar 30, 2017
Insider Transaction Report
Form 4
Pajonas Thomas L
SVP & Pres. Flow Control Div.
Transactions
- Exercise/Conversion
Performance Rights
2017-03-28−15,790→ 126,180 total→ Common Stock (15,790 underlying) - Exercise/Conversion
Common Stock ($1.25 par value per share)
2017-03-28+17,925→ 66,198 total - Tax Payment
Common Stock ($1.25 par value per share)
2017-03-28$47.18/sh−6,278$296,196→ 59,920 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 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.