SPX Technologies, Inc. — Director's Dealing 2003

Dec 30, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPX CORP (SPW)
CIK: 0000088205
Period of Report: 2003-12-23

Reporting Person: RIORDAN THOMAS J (VP, and Pres. Serv. Solutions)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-23	Common Stock	M	25000	$38.9063	Acquired	87684	Direct
2003-12-23	Common Stock	F	19116	$58.80	Disposed	68568	Direct
2003-12-24	Common Stock	S	5600	$58.10	Disposed	62968	Direct
2003-12-24	Common Stock	S	284	$58.35	Disposed	62684	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-12-23	Employee stock option to purchase common stock	$38.9063	M	25000	Disposed	2010-01-02	Common Stock (25000)	Direct
2003-12-23	Employee stock option to purchase common stock	$58.80	A	19116	Acquired	2010-01-02	Common Stock (19116)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3588	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee stock option to purchase common stock	$	2007-12-09	Common Stock (200000)	200000	Direct
Employee stock option to purchase common stock	$86.4688	2008-01-01	Common Stock (16538)	16538	Direct
Employee stock option to purchase common stock	$86.4688	2007-01-13	Common Stock (7416)	7416	Direct
Employee stock option to purchase common stock	$86.4688	2007-01-13	Common Stock (6372)	6372	Direct
Employee stock option to purchase common stock	$86.4688	2006-02-25	Common Stock (3744)	3744	Direct
Employee stock option to purchase common stock	$	2010-08-21	Common Stock (500000)	500000	Direct
Employee stock option to purchase common stock	$48.44	2011-01-01	Common Stock (50000)	50000	Direct
Employee stock option to purchase common stock	$58.875	2008-01-01	Common Stock (19058)	19058	Direct
Employee stock option to purchase common stock	$58.875	2009-01-03	Common Stock (18786)	18786	Direct
Employee stock option to purchase common stock	$69.43	2012-01-01	Common Stock (50000)	50000	Direct
Employee stock option to purchase common stock	$60.625	2009-01-03	Common Stock (18450)	18450	Direct
Employee stock option to purchase common stock	$60.625	2010-01-02	Common Stock (19952)	19952	Direct
Employee stock option to purchase common stock	$38.57	2013-01-02	Common Stock (50000)	50000	Direct

Footnotes

F1: The options are for 100,000 shares at $37.50 per share and 100,000 shares at $45 per share.

F2: On October 24, 2002, SPX Corporation effected a 2-for-1 split of its common stock. As a result, the number of shares and the number of shares underlying options held by the Reporting Person as of October 24, 2002 have been adjusted to two times their pre-split amounts. In addition, the exercise prices of options held by the Reporting Person as of October 24, 2002 have been adjusted to one-half their pre-split amounts.

F3: Granted under the SPX Corporation 1992 Stock Compensation Plan.

F4: Option vests as to 25,000 shares on each of January 3, 2002 and 2003.

F5: Grant of options to purchase Common Stock: 125,000 shares at $105 per share, 125,000 shares at $120 per share, 125,000 shares at $135 per share, and 125,000 shares at $150 per share.

F6: Option vests as to 16,668 shares on January 2, 2002 and 16,666 shares on each of January 2, 2003 and 2004.

F7: Option vests as to 16,668 shares on January 2, 2003 and 16,666 shares on each of January 2, 2004 and 2005.

F8: Granted under the SPX Corporation 2002 Stock Compensation Plan.

F9: Option vests as to 16,667 shares on each of January 3, 2004 and 2005 and 16,666 shares on January 3, 2006.

F10: On December 23, 2003, the Reporting Person exercised an option to purchase 25,000 shares of common stock at $38.90625 per share. In payment of the option exercise price and to pay withholding taxes, the Reporting Person had withheld 19,116 shares, which resulted in a net issuance of 5,884 shares. The Reporting Person was granted a reload option for 19,116 shares at an exercise price of $58.80 per share, which will expire on January 2, 2010, the expiration date of the original option, and provides tax withholding rights.