SPX Technologies, Inc. — Director's Dealing 2006

Jan 31, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPX CORP (SPW)
CIK: 0000088205
Period of Report: 2006-01-27

Reporting Person: FULLWOOD EMERSON U (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-27	Common Stock	M	833	—	Acquired	2233	Direct
2006-01-27	Common Stock	D	833	$45.77	Disposed	1400	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-01-27	Phantom Stock	$	M	833	Disposed	2008-01-01	Common Stock (2500)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Director Stock Option (right to buy)	$32.4375	2009-01-03	Common Stock (3000)	3000	Direct
Director Stock Option (right to buy)	$29.75	2009-02-23	Common Stock (1000)	1000	Direct
Director Stock Option (right to buy)	$38.9063	2010-01-02	Common Stock (4000)	4000	Direct
Director Stock Option (right to buy)	$48.44	2011-01-01	Common Stock (4000)	4000	Direct
Director Stock Option (right to buy)	$69.43	2012-01-01	Common Stock (4000)	4000	Direct
Director Stock Option (right to buy)	$38.57	2013-01-02	Common Stock (4000)	4000	Direct
Direcor Stock Option (right to buy)	$52	2014-02-24	Common Stock (3800)	3800	Direct
Phantom Stock	$	2008-06-23	Common Stock (178)	178	Direct

Footnotes

F1: Options granted pursuant to the SPX Corporation 1997 Non-Employee Directors Compensation Plan.

F2: Phantom stock granted pursuant to the SPX Corporation 2005 Non-Employee Directors' Compensation Plan.

F3: Each share of phantom stock is the economic equivalent of one share of issuer common stock.

F4: 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.

F5: The grant of phantom stock provides for automatic vesting in three equal annual tranches beginning on June 23, 2006, provided that the reporting person is still a director on the relevant vesting date. Any vested portion will settle in cash.

F6: Settlement of vested phantom stock grant. The settlement occurred in cash on the transaction date, which was as soon as administratively practicable following the determination that the vesting condition had been met. The settlement amount equaled the closing price of issuer stock on the last trading day preceding the measurement date. The settlement is deemed for reporting purposes to be the simultaneous acquisition and disposition back to the issuer for cash of the vested shares of phantom stock.