SPX Technologies, Inc. — Director's Dealing 2007

May 8, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPX CORP (SPW)
CIK: 0000088205
Period of Report: 2007-05-04

Reporting Person: WILLIAMS DAVID P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-04	Common Stock	M	834	—	Acquired	16856	Direct
2007-05-04	Common Stock	D	834	$78.09	Disposed	16022	Direct
2007-05-04	Common Stock	M	132	—	Acquired	16154	Direct
2007-05-04	Common Stock	D	132	$78.09	Disposed	16022	Direct
2007-05-04	Common Stock	M	1667	—	Acquired	17689	Direct
2007-05-04	Common Stock	D	1667	$78.09	Disposed	16022	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-04	Phantom Stock	$	M	834	Disposed	2008-01-01	Common Stock (834)	Direct
2007-05-04	Phantom Stock	$	M	132	Disposed	2008-06-23	Common Stock (132)	Direct
2007-05-04	Phantom Stock	$	M	1667	Disposed	2009-01-01	Common Stock (1667)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Director Stock Option (right to buy)	$58.50	2009-01-03	Common Stock (1372)	1372	Direct
Director Stock Option (right to buy)	$58.50	2010-01-02	Common Stock (3248)	3248	Direct
Director Stock Option (right to buy)	$64.60	2011-01-01	Common Stock (3432)	3432	Direct
Director Stock Option (right to buy)	$69.43	2012-01-01	Common Stock (4000)	4000	Direct
Director Stock Option (right to buy)	$71.345	2008-01-01	Common Stock (1018)	1018	Direct
Director Stock Option (right to buy)	$71.345	2008-01-01	Common Stock (1006)	1006	Direct
Director Stock Option (right to buy)	$71.345	2009-02-23	Common Stock (632)	632	Direct
Director Stock Option (right to buy)	$71.345	2009-01-03	Common Stock (744)	744	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

Footnotes

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

F2: Options granted under the SPX Corporation 1992 Stock Compensation Plan.

F3: Phantom stock granted pursuant to the SPX Corporation 2005 Non-Employee Directors' Compensation Plan.

F4: Each share of phantom stock is the economic equivalent of one share of issuer common stock.

F5: 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.

F6: 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 be settled in cash.

F7: 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.

F8: Settlement of vested phantom stock grant. 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.