FLOWSERVE CORP 4
4 · FLOWSERVE CORP · Filed Mar 30, 2017
Insider Transaction Report
Form 4
OConnor Carey
SVP, Secretary and GC
Transactions
- Exercise/Conversion
Common Stock ($1.25 par value per share)
2017-03-28+4,394→ 47,942 total - Tax Payment
Common Stock ($1.25 par value per share)
2017-03-28$47.18/sh−1,202$56,710→ 46,740 total - Exercise/Conversion
Performance Rights
2017-03-28−3,870→ 24,080 total→ Common Stock ($1.25 par value per share) (3,870 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.