SPX Technologies, Inc. — Director's Dealing 2004

Feb 20, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPX CORP (SPW)
CIK: 0000088205
Period of Report: 2004-02-18

Reporting Person: CARAVIELLO JAY (Pres., Cooling Tech. & Serv.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-18	Common Stock	A	25000	—	Acquired	25000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	420	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee stock option to purchase common stock	$38.9063	2010-01-02	Common Stock (12000)	12000	Direct
Employee stock option to purchase common stock	$48.44	2011-01-01	Common Stock (16000)	16000	Direct
Employee stock option to purchase common stock	$69.43	2012-01-01	Common Stock (30000)	30000	Direct
Employee stock option to purchase common stock	$38.57	2013-01-02	Common Stock (30000)	30000	Direct

Footnotes

F1: Granted under the SPX Corporation 2002 Stock Compensation Plan or its predecessor plan, the 1992 Stock Compensation Plan.

F2: Vested as to 6,000 shares on each of January 2, 2002 and 2003.

F3: Vested as to 8,000 shares on each of January 2, 2003 and 2004.

F4: Vests as to 10,000 shares on each of January 2, 2003, 2004 and 2005.

F5: Vests as to 10,000 shares on each of January 3, 2004, 2005 and 2006.

F6: Grant of restricted stock pursuant to SPX Corporation 2002 Stock Compensation Plan.