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	M	83333	$60	Acquired	263260	Direct
2008-05-19	Common Stock	S	200	$127.72	Disposed	263080	Direct
2008-05-19	Common Stock	S	200	$127.65	Disposed	262880	Direct
2008-05-19	Common Stock	S	200	$127.64	Disposed	262680	Direct
2008-05-19	Common Stock	S	400	$127.61	Disposed	262280	Direct
2008-05-19	Common Stock	S	200	$127.58	Disposed	262080	Direct
2008-05-19	Common Stock	S	300	$127.56	Disposed	261780	Direct
2008-05-19	Common Stock	S	100	$127.55	Disposed	261680	Direct
2008-05-19	Common Stock	S	400	$127.52	Disposed	261280	Direct
2008-05-19	Common Stock	S	400	$127.51	Disposed	260880	Direct
2008-05-19	Common Stock	S	300	$127.50	Disposed	260580	Direct
2008-05-19	Common Stock	S	100	$127.48	Disposed	260480	Direct
2008-05-19	Common Stock	S	200	$127.45	Disposed	260280	Direct
2008-05-19	Common Stock	S	100	$127.42	Disposed	260180	Direct
2008-05-19	Common Stock	S	200	$127.40	Disposed	259980	Direct
2008-05-19	Common Stock	S	100	$127.39	Disposed	259880	Direct
2008-05-19	Common Stock	S	1100	$127.38	Disposed	258780	Direct
2008-05-19	Common Stock	S	100	$127.37	Disposed	258680	Direct
2008-05-19	Common Stock	S	200	$127.35	Disposed	258480	Direct
2008-05-19	Common Stock	S	500	$127.34	Disposed	257980	Direct
2008-05-19	Common Stock	S	600	$127.33	Disposed	257380	Direct
2008-05-19	Common Stock	S	300	$127.32	Disposed	257080	Direct
2008-05-19	Common Stock	S	1200	$127.31	Disposed	255880	Direct
2008-05-19	Common Stock	S	1400	$127.30	Disposed	254480	Direct
2008-05-19	Common Stock	S	1400	$127.29	Disposed	253080	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-19	Employee stock option to purchase common stock	$60.00	M	83333	Disposed	2009-06-22	Common Stock (83333)	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	$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.