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: MANCUSO MICHAEL J. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-27	Common Stock	M	833	—	Acquired	833	Direct
2006-01-27	Common Stock	D	833	$45.77	Disposed	0	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

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: 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.