Guiltinan Richard J JR 4
4 · FLOWSERVE CORP · Filed Mar 21, 2012
Insider Transaction Report
Form 4
Guiltinan Richard J JR
VP,Controller,Chief Acct Ofcr
Transactions
- Tax Payment
Common Stock ($1.25 par value per share)
2012-03-20$115.19/sh−2,027$233,490→ 15,781 total - Exercise/Conversion
Common Stock ($1.25 par value per share)
2012-03-20+6,877→ 22,658 total - Exercise/Conversion
Performance Rights
2012-03-20−3,310→ 6,672 totalExp: 2012-03-20→ Common Stock (3,310 underlying)
Footnotes (1)
- [F1]Each performance right represented a contingent right to receive one share of the issuer's common stock at vesting. The performance rights vested at a rate of 200% (plus dividends accrued on the underlying shares) 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, 2011 in comparison to the average RONA of a predetermined peer group over the same performance cycle.