SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* SHUFF RONALD F (Last) (First) (Middle) 5215 N. O'CONNOR BLVD. SUITE 2300 (Street) IRVING TX 75039 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol FLOWSERVE CORP [ FLS ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) VP, Secretary and Gen. Counsel
	3. Date of Earliest Transaction (Month/Day/Year) 06/01/2005
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock ($1.25 par value per share)								4,179	I	See footnote(1)
Common Stock ($1.25 par value per share)								30,123	I	See footnote(2)
Common Stock ($1.25 par value per share)								2,683	I	401(k)
Common Stock ($1.25 par value per share)								33,619(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock option (right-to-buy)	$19.15							(4)	07/17/2013	Common Stock	9,000		9,000	D
Stock option (right-to-buy)	$24.84							(5)	07/17/2012	Common Stock	9,000		9,000	D
Stock option (right-to-buy)	$27.12							(6)	07/18/2011	Common Stock	9,000		9,000	D
Stock option (right-to-buy)	$17.81							(7)	08/22/2010	Common Stock	7,800		7,800	D
Stock option (right-to-buy)	$17							(8)	09/03/2009	Common Stock	5,600		5,600	D
Stock option (right-to-buy)	$18.5							(9)	11/02/2008	Common Stock	8,340		8,340	D
Stock option (right-to-buy)	$30							(10)	10/23/2007	Common Stock	9,000		9,000	D
Stock option (right-to-buy)	$22.9							(11)	07/15/2014	Common Stock	8,500		8,500	D
Stock option (right-to-buy)	$24.9							(12)	02/16/2015	Common Stock	8,500		8,500	D
Stock option (right-to-buy)	$30.95							(13)	07/13/2015	Common Stock	6,500		6,500	D
Stock option (right-to-buy)	$26.5	11/04/2005		D(14)			7,000	(14)	10/23/2006	Common Stock	7,000	(14)	0	D
Stock option (right-to-buy)	$26.5	11/04/2005		A(14)		7,000		(14)	01/01/2009	Common Stock	7,000	(14)	7,000	D
Stock option (right-to-buy)	$27.56	06/01/2005		D(15)			7,000	(15)	10/19/2005	Common Stock	7,000	(15)	0	D
Stock option (right-to-buy)	$27.56	06/01/2005		A(15)		7,000		(15)	12/31/2006	Common Stock	7,000	(15)	7,000	D
Stock option (right-to-buy)	$27.56	11/04/2005		D(15)			7,000	(15)	12/31/2006	Common Stock	7,000	(15)	0	D
Stock option (right-to-buy)	$27.56	11/04/2005		A(15)		7,000		(15)	01/01/2009	Common Stock	7,000	(15)	7,000	D

Explanation of Responses:

1. Beneficial interest in the Issuer's Dividend Reinvestment Plan.

2. Beneficial interest in the Issuer's Deferred Compensation Plan.

3. The reporting person previously reported grants by issuer of restricted common stock on Table II that vest in equal annual one-third increments beginning on the first anniversary of the dates of grant. As the restricted common stock vested, the vesting was previously reported as a settlement of a derivative security. An aggregate of 8,333 shares of these grants reported on Table II remain unvested. The reporting person will begin reporting these grants on Table I. Accordingly, this amount reflects the total restricted common stock previously granted to the reporting person (including all previous vesting of such grants).

4. The option shares vest in three (3) equal annual installments which commence on July 17, 2004.

5. The option shares vest in two (2) equal annual installments which commence on July 17, 2004.

6. Option shares are fully vested and exercisable.

7. Option shares are fully vested and exercisable.

8. Option shares are fully vested and exercisable.

9. Option shares are fully vested and exercisable.

10. Option shares are fully vested and exercisable.

11. Option shares vest in three (3) annual installments beginning on July 15, 2005, with the remaining thirds vesting on July 15, 2006 and July 15, 2007, respectively.

12. The option shares vest and become exercisable in three (3) equal annual installments commencing on February 16, 2006, February 16, 2007 and February 16, 2008, respectively.

13. The option shares vest and become exercisable in three (3) equal annual installments commencing on July 14, 2006, July 14, 2007 and July 14, 2008, respectively.

14. Amendment of outstanding option resulting in deemed cancellation of the old option and the grant of a replacement option. The option was originally granted on October 23, 1996 and is fully vested and exercisable.

15. Amendment of outstanding option resulting in deemed cancellation of the old option and the grant of a replacement option. The option was originally granted on October 19, 1995 and is fully vested and exercisable.

	/s/ Ronald R. Shuff	11/08/2005
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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