ROLLANS JAMES O 4
4 · FLOWSERVE CORP · Filed May 5, 2011
Insider Transaction Report
Form 4
ROLLANS JAMES O
Director
Transactions
- Award
Phantom Stock
2011-05-05$120.42/sh+382$46,000→ 37,778 total→ Common Stock (382 underlying)
Footnotes (2)
- [F1]Each share of phantom stock is the economic equivalent of one share of common stock, and represents director compensation deferred in the form of common stock pursuant to the issuer's deferred compensation plan.
- [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.