SPX Technologies, Inc. — Director's Dealing 2008

May 22, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPX CORP (SPW)
CIK: 0000088205
Period of Report: 2008-05-19

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-19	Common Stock	S	100	$126.965	Disposed	237480	Direct
2008-05-19	Common Stock	S	100	$126.96	Disposed	237380	Direct
2008-05-19	Common Stock	S	300	$126.95	Disposed	237080	Direct
2008-05-19	Common Stock	S	900	$126.93	Disposed	236180	Direct
2008-05-19	Common Stock	S	700	$126.92	Disposed	235480	Direct
2008-05-19	Common Stock	S	600	$126.91	Disposed	234880	Direct
2008-05-19	Common Stock	S	600	$126.90	Disposed	234280	Direct
2008-05-19	Common Stock	S	1100	$126.89	Disposed	233180	Direct
2008-05-19	Common Stock	S	200	$126.88	Disposed	232980	Direct
2008-05-19	Common Stock	S	100	$126.87	Disposed	232880	Direct
2008-05-19	Common Stock	S	500	$126.86	Disposed	232380	Direct
2008-05-19	Common Stock	S	400	$126.85	Disposed	231980	Direct
2008-05-19	Common Stock	S	600	$126.83	Disposed	231380	Direct
2008-05-19	Common Stock	S	1300	$126.82	Disposed	230080	Direct
2008-05-19	Common Stock	S	1000	$126.81	Disposed	229080	Direct
2008-05-19	Common Stock	S	500	$126.79	Disposed	228580	Direct
2008-05-19	Common Stock	S	500	$126.78	Disposed	228080	Direct
2008-05-19	Common Stock	S	700	$126.77	Disposed	227380	Direct
2008-05-19	Common Stock	S	1400	$126.75	Disposed	225980	Direct
2008-05-19	Common Stock	S	1000	$126.74	Disposed	224980	Direct
2008-05-19	Common Stock	S	200	$126.73	Disposed	224780	Direct
2008-05-19	Common Stock	S	100	$126.72	Disposed	224680	Direct
2008-05-19	Common Stock	S	800	$126.71	Disposed	223880	Direct
2008-05-19	Common Stock	S	100	$126.70	Disposed	223780	Direct
2008-05-19	Common Stock	S	1500	$126.69	Disposed	222280	Direct
2008-05-19	Common Stock	S	600	$126.67	Disposed	221680	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3938	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee stock option to purchase common stock	$60.00	2009-06-22	Common Stock (750001)	750001	Direct
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.

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.