SPX Technologies, Inc. — Director's Dealing 2008

Jun 23, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPX CORP (SPW)
CIK: 0000088205
Period of Report: 2008-06-19

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-06-19	Common Stock	M	83333	$72.50	Acquired	263280	Direct
2008-06-19	Common Stock	S	1700	$135.59	Disposed	261580	Direct
2008-06-19	Common Stock	S	100	$135.29	Disposed	261480	Direct
2008-06-19	Common Stock	S	600	$135.28	Disposed	260880	Direct
2008-06-19	Common Stock	S	600	$134.91	Disposed	260280	Direct
2008-06-19	Common Stock	S	300	$134.84	Disposed	259980	Direct
2008-06-19	Common Stock	S	300	$134.83	Disposed	259680	Direct
2008-06-19	Common Stock	S	500	$134.81	Disposed	259180	Direct
2008-06-19	Common Stock	S	1200	$134.80	Disposed	257980	Direct
2008-06-19	Common Stock	S	100	$134.79	Disposed	257880	Direct
2008-06-19	Common Stock	S	700	$134.77	Disposed	257180	Direct
2008-06-19	Common Stock	S	300	$134.75	Disposed	256880	Direct
2008-06-19	Common Stock	S	500	$134.72	Disposed	256380	Direct
2008-06-19	Common Stock	S	400	$134.70	Disposed	255980	Direct
2008-06-19	Common Stock	S	100	$134.68	Disposed	255880	Direct
2008-06-19	Common Stock	S	800	$134.66	Disposed	255080	Direct
2008-06-19	Common Stock	S	100	$134.65	Disposed	254980	Direct
2008-06-19	Common Stock	S	200	$134.63	Disposed	254780	Direct
2008-06-19	Common Stock	S	3300	$134.62	Disposed	251480	Direct
2008-06-19	Common Stock	S	1100	$134.61	Disposed	250380	Direct
2008-06-19	Common Stock	S	1900	$134.59	Disposed	248480	Direct
2008-06-19	Common Stock	S	1200	$134.57	Disposed	247280	Direct
2008-06-19	Common Stock	S	700	$134.56	Disposed	246580	Direct
2008-06-19	Common Stock	S	600	$134.55	Disposed	245980	Direct
2008-06-19	Common Stock	S	1100	$134.54	Disposed	244880	Direct
2008-06-19	Common Stock	S	400	$134.53	Disposed	244480	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-06-19	Employee stock option to purchase common stock	$72.50	M	83333	Disposed	2009-06-22	Common Stock (83333)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3929	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, 83,335 shares at $72.50 per share, 250,000 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.