SPX Technologies, Inc. — Director's Dealing 2007

Jun 26, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPX CORP (SPW)
CIK: 0000088205
Period of Report: 2007-06-23

Reporting Person: CAMPBELL J KERMIT (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-06-23	Common Stock	M	66	—	Acquired	15776	Direct
2007-06-23	Common Stock	D	66	$88.02	Disposed	15710	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-06-23	Phantom Stock	$	M	66	Disposed	2008-06-23	Common Stock (132)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Director Stock Option (right to buy)	$38.9063	2010-01-02	Common Stock (4000)	4000	Direct
Director Stock Option (right to buy)	$53.8438	2009-04-23	Common Stock (730)	730	Direct
Director Stock Option (right to buy)	$53.8438	2009-01-03	Common Stock (2276)	2276	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
Director Stock Option (right to buy)	$52	2014-02-24	Common Stock (3800)	3800	Direct
Phantom Stock	$	2008-01-01	Common Stock (834)	834	Direct
Phantom Stock	$	2009-01-01	Common Stock (1667)	1667	Direct

Footnotes

F1: Options granted under 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: 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.

F7: 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.