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SPX Technologies, Inc. — Director's Dealing 2006
Feb 23, 2006
30660_dirs_2006-02-23_4126ef1b-cb16-4ea6-b8a9-5e8c6eaf2858.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SPX CORP (SPW)
CIK: 0000088205
Period of Report: 2006-02-21
Reporting Person: MANCUSO MICHAEL J. (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2006-02-21 | Phantom Stock | $ | A | 2500 | Acquired | 2009-01-01 | Common Stock (2500) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 0 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Phantom Stock | $ | 2008-01-01 | Common Stock (1667) | 1667 | Direct |
Footnotes
F1: Phantom stock granted pursuant to the SPX Corporation 2005 Non-Employee Directors' Compensation Plan.
F2: Each share of phantom stock is the economic equivalent of one share of issuer common stock.
F3: The grant of phantom stock provided for potential vesting in three annual tranches, with the first measurement date on January 1, 2006. Vesting is determined by comparing the issuer's shareholder return with the performance of the S&P 500. Any vested portion will be settled in cash.
F4: The grant of phantom stock provided for potential vesting in three annual tranches, with the first measurement date on January 1, 2007. Vesting is determined by comparing the issuer's shareholder return with the performance of the S&P 500. Any vested portion will be settled in cash.