RAMPACEK CHARLES M 4
4 · FLOWSERVE CORP · Filed May 15, 2009
Insider Transaction Report
Form 4
RAMPACEK CHARLES M
Director
Transactions
- Award
Phantom Stock
2009-05-14$67.67/sh+1,478$100,016→ 32,745 total→ Common Stock (1,478 underlying)
Footnotes (2)
- [F1]Each share of phantom stock is the economic equivalent of one share of common stock, and represents the director's annual restricted stock grant deferred pursuant to the Flowserve Corporation 2004 Stock Compensation Plan. The restricted stock vests on May 14, 2010.
- [F2]The shares of phantom stock become payable in the form of common stock on 60 days following the reporting person's termination of service as a member of the issuer's board of directors.