4//SEC Filing
BEALL ANDREW J 4
Accession 0001209191-09-009632
CIK 0000030625other
Filed
Feb 16, 7:00 PM ET
Accepted
Feb 17, 4:29 PM ET
Size
11.8 KB
Accession
0001209191-09-009632
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.
Documents
Issuer
FLOWSERVE CORP
CIK 0000030625
Entity typeother
Related Parties
1- filerCIK 0001232846
Filing Metadata
- Form type
- 4
- Filed
- Feb 16, 7:00 PM ET
- Accepted
- Feb 17, 4:29 PM ET
- Size
- 11.8 KB