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SPX Technologies, Inc. — Director's Dealing 2008
May 14, 2008
30660_dirs_2008-05-13_dcdf9d88-aabb-4444-9824-ed40fd9f7f3d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SPX CORP (SPW)
CIK: 0000088205
Period of Report: 2008-05-09
Reporting Person: CAMPBELL J KERMIT (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2008-05-09 | Common Stock | M | 4000 | $39.9063 | Acquired | 22210 | Direct |
| 2008-05-09 | Common Stock | S | 4000 | $123.5 | Disposed | 18210 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2008-05-09 | Director Stock Option (right to buy) | $38.9063 | M | 4000 | Disposed | 2010-01-02 | Common Stock (4000) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Director Stock Option (right to buy) | $53.8438 | 2009-04-23 | Common Stock (730) | 730 | Direct |
| Director Stock Option (right to buy) | $53.8438 | 2009-01-03 | Common Stock (2276) | 2276 | Direct |
| Director Stock Option (right to buy) | $48.44 | 2011-01-01 | Common Stock (4000) | 4000 | Direct |
| Director Stock Option (right to buy) | $69.43 | 2012-01-01 | Common Stock (4000) | 4000 | Direct |
| Director Stock Option (right to buy) | $38.57 | 2013-01-02 | Common Stock (4000) | 4000 | Direct |
| Director Stock Option (right to buy) | $52 | 2014-02-24 | Common Stock (3800) | 3800 | Direct |
| Phantom Stock | $ | 2008-06-23 | Common Stock (66) | 66 | Direct |
| Phantom Stock | $ | 2009-01-01 | Common Stock (834) | 834 | Direct |
Footnotes
F1: Options granted under the SPX Corporation 1997 Non-Employee Directors Compensation Plan.
F2: Phantom stock granted pursuant to the SPX Corporation 2005 Non-Employee Directors' Compensation Plan.
F3: Each share of phantom stock is the economic equivalent of one share of issuer common stock.
F4: The grant of phantom stock provides for automatic vesting in three equal annual tranches beginning on June 23, 2006, provided that the reporting person is still a director on the relevant vesting date. Any vested portion will settle in cash.
F5: The grant of phantom stock provided for potential vesting in three annual tranches, with the first measurement date on January 1, 2007. Vesting is determined by comparing the issuer's shareholder return with the performance of the S&P 500. Any vested portion will be settled in cash.