SPX Technologies, Inc. — Director's Dealing 2007

Jan 6, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPX CORP (SPW)
CIK: 0000088205
Period of Report: 2007-01-03

Reporting Person: JOHNSON CHARLES E II (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-03	Common Stock	A	2500	—	Acquired	18032	Direct
2007-01-04	Common Stock	M	1666	—	Acquired	19698	Direct
2007-01-04	Common Stock	D	1666	$61.16	Disposed	18032	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-01-04	Phantom Stock	$	M	833	Disposed	2008-01-01	Common Stock (1667)	Direct
2007-01-04	Phantom Stock	$	M	833	Disposed	2009-01-01	Common Stock (2500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4400	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Director Stock Option (right to buy)	$57.9688	2008-01-01	Common Stock (2346)	2346	Direct
Director Stock Option (right to buy)	$57.9688	2009-01-03	Common Stock (2232)	2232	Direct
Director Stock Option (right to buy)	$57.9688	2009-04-23	Common Stock (716)	716	Direct
Director Stock Option (right to buy)	$56.25	2010-01-02	Common Stock (3280)	3280	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	$	2008-06-23	Common Stock (132)	132	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 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.

F8: Grant of restricted stock pursuant to the SPX Corporation 2006 Non-Employee Directors' Stock Incentive Plan.