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	1400	$127.27	Disposed	251680	Direct
2008-05-19	Common Stock	S	800	$127.26	Disposed	250880	Direct
2008-05-19	Common Stock	S	100	$127.25	Disposed	250780	Direct
2008-05-19	Common Stock	S	300	$127.24	Disposed	250480	Direct
2008-05-19	Common Stock	S	1300	$127.23	Disposed	249180	Direct
2008-05-19	Common Stock	S	100	$127.22	Disposed	249080	Direct
2008-05-19	Common Stock	S	900	$127.20	Disposed	248180	Direct
2008-05-19	Common Stock	S	500	$127.19	Disposed	247680	Direct
2008-05-19	Common Stock	S	500	$127.18	Disposed	247180	Direct
2008-05-19	Common Stock	S	1100	$127.17	Disposed	246080	Direct
2008-05-19	Common Stock	S	200	$127.16	Disposed	245880	Direct
2008-05-19	Common Stock	S	100	$127.15	Disposed	245780	Direct
2008-05-19	Common Stock	S	500	$127.14	Disposed	245280	Direct
2008-05-19	Common Stock	S	300	$127.13	Disposed	244980	Direct
2008-05-19	Common Stock	S	600	$127.12	Disposed	244380	Direct
2008-05-19	Common Stock	S	100	$127.11	Disposed	244280	Direct
2008-05-19	Common Stock	S	500	$127.10	Disposed	243780	Direct
2008-05-19	Common Stock	S	200	$127.08	Disposed	243580	Direct
2008-05-19	Common Stock	S	1300	$127.07	Disposed	243280	Direct
2008-05-19	Common Stock	S	200	$127.06	Disposed	242080	Direct
2008-05-19	Common Stock	S	1500	$127.05	Disposed	240580	Direct
2008-05-19	Common Stock	S	1100	$127.03	Disposed	239480	Direct
2008-05-19	Common Stock	S	300	$127.01	Disposed	239180	Direct
2008-05-19	Common Stock	S	1100	$127.00	Disposed	238080	Direct
2008-05-19	Common Stock	S	400	$126.98	Disposed	237680	Direct
2008-05-19	Common Stock	S	100	$126.97	Disposed	237580	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.