SPX Technologies, Inc. — Director's Dealing 2004

Feb 19, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPX CORP (SPW)
CIK: 0000088205
Period of Report: 2004-02-17

Reporting Person: BLYSTONE JOHN B (Director, Chairman, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-17	Common Stock	S	200	$57.13	Disposed	1035162	Direct
2004-02-17	Common Stock	S	100	$57.14	Disposed	1035062	Direct
2004-02-17	Common Stock	S	500	$57.15	Disposed	1034562	Direct
2004-02-18	Common Stock	M	10200	$30	Acquired	1044762	Direct
2004-02-18	Common Stock	S	1300	$56.32	Disposed	1043462	Direct
2004-02-18	Common Stock	S	2600	$56.33	Disposed	1040862	Direct
2004-02-18	Common Stock	S	3400	$56.34	Disposed	1037462	Direct
2004-02-18	Common Stock	S	500	$56.36	Disposed	1036962	Direct
2004-02-18	Common Stock	S	700	$56.37	Disposed	1036262	Direct
2004-02-18	Common Stock	S	200	$56.38	Disposed	1036062	Direct
2004-02-18	Common Stock	S	300	$56.6	Disposed	1035762	Direct
2004-02-18	Common Stock	S	300	$56.63	Disposed	1035462	Direct
2004-02-18	Common Stock	S	200	$56.65	Disposed	1035262	Direct
2004-02-18	Common Stock	S	500	$56.67	Disposed	1034762	Direct
2004-02-18	Common Stock	S	100	$56.68	Disposed	1034662	Direct
2004-02-18	Common Stock	S	100	$56.71	Disposed	1034562	Direct
2004-02-18	Common Stock	A	104054	—	Acquired	1138616	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-02-18	Employee stock option to purchase common stock	$0	M	10200	Disposed	2007-02-25	Common Stock (1326200)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5373	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee stock option to purchase common stock	$32.4375	2009-01-03	Common Stock (65000)	65000	Direct
Employee stock option to purchase common stock	$0	2009-06-22	Common Stock (2000000)	2000000	Direct
Employee stock option to purchase common stock	$38.9063	2010-01-02	Common Stock (130000)	130000	Direct
Employee stock option to purchase common stock	$58.375	2005-12-17	Common Stock (8956)	8956	Direct
Employee stock option to purchase common stock	$58.375	2008-01-01	Common Stock (13026)	13026	Direct
Employee stock option to purchase common stock	$86.4688	2005-12-17	Common Stock (43458)	43458	Direct
Employee stock option to purchase common stock	$86.00	2007-01-13	Common Stock (19440)	19440	Direct
Employee stock option to purchase common stock	$86.00	2007-01-13	Common Stock (21520)	21520	Direct
Employee stock option to purchase common stock	$86.00	2005-12-17	Common Stock (47906)	47906	Direct
Employee stock option to purchase common stock	$0	2010-08-21	Common Stock (2000000)	2000000	Direct
Employee stock option to purchase common stock	$48.44	2011-01-11	Common Stock (130000)	130000	Direct
Employee stock option to purchase common stock	$47.565	2008-01-01	Common Stock (54642)	54642	Direct
Employee stock option to purchase common stock	$47.565	2009-01-03	Common Stock (53784)	53784	Direct
Employee stock option to purchase common stock	$58.875	2007-01-13	Common Stock (13528)	13528	Direct
Employee stock option to purchase common stock	$61.50	2007-01-13	Common Stock (17202)	17202	Direct
Employee stock option to purchase common stock	$61.50	2008-01-01	Common Stock (35510)	35510	Direct
Employee stock option to purchase common stock	$69.43	2012-01-01	Common Stock (200000)	200000	Direct
Employee stock option to purchase common stock	$38.57	2013-01-02	Common Stock (200000)	200000	Direct

Footnotes

F1: Exercise price: 326,200 shares at $30 per share, 500,000 shares at $37.50 per share, and 500,000 shares at $45 per share. The 10,200 shares exercised had an exercise price of $30.00.

F2: Granted pursuant to SPX Corporation 2002 Stock Compensation Plan or its predecessor plan, the 1992 Stock Compensation Plan.

F3: Option vested as to 65,000 shares on each of January 4, 2001 and 2002.

F4: Grant of options to purchase Common Stock - 500,000 shares at $60 per share, 500,000 shares at $72.50 per share, 500,000 shares at $85 per share, and 500,000 shares at $97.50 per share.

F5: Option vested as to 65,000 shares on each of January 3, 2002 and 2003.

F6: Grant of options to purchase Common Stock: 500,000 shares at $105 per share, 500,000 shares at $120 per share, 500,000 shares at $135 per share, and 500,000 shares at $150 per share.

F7: Option vests as to 43,334 shares on each of January 2, 2002 and 2004, and 43,332 shares on January 2, 2003.

F8: Option vests as to 66,668 shares on January 2, 2003 and 66,666 shares on each of January 2, 2004 and 2005.

F9: Option vests as to 66,667 shares on each of January 3, 2004 and 2005 and 66,666 shares on January 3, 2006.

F10: Transaction effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 31, 2003.

F11: Grant of restricted stock pursuant to the SPX Corporation 2002 Stock Compensation Plan.