BEALL ANDREW J 4
4 · FLOWSERVE CORP · Filed Feb 17, 2009
Insider Transaction Report
Form 4
BEALL ANDREW J
SVP & Pres Flow Solutions Div
Transactions
- Award
Performance Rights
2009-02-13+6,680→ 6,680 totalExp: 2012-12-31→ Common Stock (6,680 underlying) - Tax Payment
Common Stock ($1.25 par value per share)
2009-02-16$53.70/sh−817$43,873→ 38,191 total - Award
Common Stock ($1.25 par value per share)
2009-02-13+7,880→ 29,008 total - Award
Common Stock ($1.25 par value per share)
2009-02-13+10,000→ 39,008 total
Footnotes (3)
- [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]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 fully on the third annual anniversary of the grant.
- [F3]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% based on the issuer's average return on net assets ("RONA") during a three-year performance cycle beginning on January 1, 2009 and ending on December 31, 2012 in comparison to the average RONA of a predetermined peer group over the same performance cycle. The performance rights may be settled, at the issuer's discretion, in cash or shares of common stock.