SPX Technologies, Inc. — Director's Dealing 2008

Jul 23, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPX CORP (SPW)
CIK: 0000088205
Period of Report: 2008-07-21

Reporting Person: OLEARY PATRICK J (EVP, CFO & Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-07-21	Common Stock	M	2	$72.50	Acquired	179949	Direct
2008-07-21	Common Stock	M	83331	$85	Acquired	263280	Direct
2008-07-21	Common Stock	S	23133	$122.6731	Disposed	240147	Direct
2008-07-21	Common Stock	S	35000	$121.8140	Disposed	205147	Direct
2008-07-21	Common Stock	S	18300	$120.8150	Disposed	186847	Direct
2008-07-21	Common Stock	S	6900	$119.9939	Disposed	179947	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-07-21	Employee stock option to purchase common stock	$72.50	M	2	Disposed	2009-06-22	Common Stock (2)	Direct
2008-07-21	Employee stock option to purchase common stock	$85	M	83331	Disposed	2009-06-22	Common Stock (83331)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3951	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee stock option to purchase common stock	$38.9063	2010-01-02	Common Stock (70000)	70000	Direct
Employee stock option to purchase common stock	$48.44	2011-01-01	Common Stock (70000)	70000	Direct
Employee stock option to purchase common stock	$69.43	2012-01-01	Common Stock (70000)	70000	Direct
Employee stock option to purchase common stock	$38.57	2013-01-02	Common Stock (70000)	70000	Direct

Footnotes

F1: Grant of options to purchase Common Stock: 250,000 shares at $60 per share, 250,000 shares at $72.50 per share, 250,000 shares at $85 per share, and 250,000 shares at $97.50 per share. Following the reported transactions, options remain outstanding to purchase Common Stock: 0 shares at $60 per share, 0 shares at $72.50 per share, 166,669 shares at $85 per share, and 250,000 shares at $97.50 per share.

F2: Granted under the SPX Corporation 2002 Stock Compensation Plan or its predecessor plan, the 1992 Stock Compensation Plan.

F3: Option vested as to 35,000 shares on each of January 3, 2002 and 2003.

F4: Option vested as to 23,334 shares on each of January 2, 2002 and 2004, and 23,332 shares on January 2, 2003.

F5: Option vested as to 23,334 shares on each of January 2, 2003 and 2005, and 23,332 shares on January 2, 2004.

F6: Option vested as to 23,334 shares on January 3, 2004 and 23,333 shares on January 3, 2005, and 23,333 shares on January 3, 2006.

F7: This transaction was effected pursuant to a Rule 10b5-1(c) sales plan adopted by the reporting person on November 12, 2007.

F8: The price in Column 4 is a weighted average price. The prices actually recieved ranged from $122.28 to $123.27. For all transactions reported in this Form 4 utilizing a weighted average price, the reporting person undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each seperate price within the range.

F9: The price in Column 4 is a weighted average price. The prices actually recieved ranged from $121.29 to $122.27.

F10: The price in Column 4 is a weighted average price. The prices actually recieved ranged from $120.28 to $121.27.

F11: The price in Column 4 is a weighted average price. The prices actually recieved ranged from $119.52 to $120.18.