the indicator on the pump
The shafts are collinear at 1/2 the Total Indicator Reading.
Using graph paper to illustrate the position. Under the indicator position mark the point that is 1/2 the indicator reading. (-4 for the pump and +5 for the motor) Connect these points and extend the line past the motors feet. This will show you how much you need to move the motor for horizontal alignment.
indicator readings mean that you need to move the motor:
You can avoid graphing the horizontal move by zeroing the indicators on the left and rotate them to right. Now turn the indicator needles half way to zero and begin to walk the motor into place by moving the fartherest foot toward zero and then the nearest foot. Slowly walk the motor into place by alternating the moves until you obtain two zero indicator readings.
Now begin the procedure for the vertical move. Be sure to check your equipment for sag and soft foot.