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SPX Technologies, Inc. Director's Dealing 2008

Jan 4, 2008

30660_dirs_2008-01-04_a1310857-a930-479c-94f2-54dc35007545.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: 2008-01-02

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-01-02 Common Stock A 31500 Acquired 216084 Direct
2008-01-03 Comon Stock F 14737 $102.07 Disposed 201347 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 3837 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee stock option to purchase common stock $ 2009-06-22 Common Stock (1000000) 1000000 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 $46.475 2009-01-03 Common Stock (10034) 10034 Direct
Employee stock option to purchase common stock $50.39 2009-01-03 Common Stock (18512) 18512 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: Grant of restricted stock pursuant to the SPX Corporation 2002 Stock Compensation Plan.

F8: Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of restricted stock previously granted under the SPX Corporation 2002 Stock Compensation Plan.