RAMPACEK CHARLES M 4
4 · FLOWSERVE CORP · Filed May 18, 2010
Insider Transaction Report
Form 4
RAMPACEK CHARLES M
Director
Transactions
- Award
Phantom Stock
2010-05-14$107.24/sh+932$99,948→ 33,677 total→ Common Stock (932 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 Equity and Incentive Compensation Plan. The restricted stock vests on May 14, 2011.
- [F2]The shares of phantom stock become payable in the form of common stock upon the reporting person's termination of service as a member of the issuer's board of directors.