SPX Technologies, Inc. — Director's Dealing 2006

Oct 16, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPX CORP (SPW)
CIK: 0000088205
Period of Report: 2006-10-12

Reporting Person: OLEARY PATRICK J (EVP, CFO & Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-10-12	Common Stock	M	65000	$45.00	Acquired	244548	Direct
2006-10-12	Common Stock	M	34200	$37.5	Acquired	278748	Direct
2006-10-12	Common Stock	S	99200	$57.50	Disposed	179548	Direct
2006-10-13	Common Stock	M	18300	$37.5	Acquired	197848	Direct
2006-10-13	Common Stock	M	32500	$45	Acquired	230348	Direct
2006-10-13	Common Stock	S	50800	$57.5	Disposed	179548	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-10-12	Employee stock option to purchase common stock	$	M	99200	Disposed	2007-04-22	Common Stock (200000)	Direct
2006-10-13	Employee stock option to purchase common stock	$	M	50800	Disposed	2007-04-22	Common Stock (100800)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3665	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee stock option to purchase common stock	$	2009-06-22	Common Stock (1000000)	1000000	Direct
Employee stock option to purchase common stock	$38.9063	2010-01-02	Common Stock (70000)	70000	Direct
Employee stock option to purchase common stock	$39.7188	2008-01-01	Common Stock (18600)	18600	Direct
Employee stock option to purchase common stock	$48.44	2011-01-01	Common Stock (70000)	70000	Direct
Employee stock option to purchase common stock	$47.565	2008-01-01	Common Stock (29422)	29422	Direct
Employee stock option to purchase common stock	$46.475	2009-01-03	Common Stock (10034)	10034	Direct
Employee stock option to purchase common stock	$50.39	2009-01-03	Common Stock (18512)	18512	Direct
Employee stock option to purchase common stock	$50.01	2008-01-01	Common Stock (11964)	11964	Direct
Employee stock option to purchase common stock	$69.43	2012-01-01	Common Stock (70000)	70000	Direct
Employee stock option to purchase common stock	$38.57	2013-01-02	Common Stock (70000)	70000	Direct

Footnotes

F1: On April 23, 1997, the Board of Directors of the Issuer granted Reporting Person out-of-the-money options to purchase common stock which vest and become exercisable 5 years after the grant date. The prices of the options that remained unexercised prior to the reported transactions were 70,000 shares at $37.50 per share and 130,000 shares at $45 per share. Following the reported transactions, the options that remained unexercised were 17,500 at $37.50 per share and 32,500 at $45 per share.

F2: Grant of options to purchase Common Stock: 250,000 shares at $60 per share, 250,000 shares at $72.50 per share, 250,000 shares at $85 per share, and 250,000 shares at $97.50 per share.

F3: Granted under the SPX Corporation 2002 Stock Compensation Plan or its predecessor plan, the 1992 Stock Compensation Plan.

F4: Option vested as to 35,000 shares on each of January 3, 2002 and 2003.

F5: Option vested as to 23,334 shares on each of January 2, 2002 and 2004, and 23,332 shares on January 2, 2003.

F6: Option vested as to 23,334 shares on each of January 2, 2003 and 2005, and 23,332 shares on January 2, 2004.

F7: Option vested as to 23,334 shares on January 3, 2004 and 23,333 shares on January 3, 2005, and 23,333 shares on January 3, 2006.

F8: Effected pursuant to a Rule 10b5-1(c) sales plan adopted by the reporting person on June 9, 2006.

F9: On October 12, 2006, the Reporting Person exercised as to 34,200 shares at an exercise price of $37.50 per share and 65,000 shares at an exercise price of $45.00 per share. On October 13, 2006, the Reporting Person exercised as to 18,300 shares at an exercise price of $37.50 per share and 32,500 shares at an exercise price of $45.00 per share.