SHUFF RONALD F 4
4 · FLOWSERVE CORP · Filed Feb 9, 2012
Insider Transaction Report
Form 4
SHUFF RONALD F
SVP, Sec. and Gen. Counsel
Transactions
- Award
Performance Rights
2012-02-07+3,720→ 17,130 totalExp: 2014-12-31→ Common Stock (3,720 underlying) - Award
Common Stock ($1.25 par value per share)
2012-02-07+3,720→ 12,450 total
Holdings
- 30,123(indirect: By Trust)
Common Stock ($1.25 par value per share)
Footnotes (2)
- [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]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, 2012 and ending on December 31, 2014 in comparison to the RONA averages 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.