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SPX Technologies, Inc. — Director's Dealing 2008
Jan 4, 2008
30660_dirs_2008-01-04_10148192-5be2-4141-b32a-9f99f5648fcd.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: CAMPBELL J KERMIT (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2008-01-02 | Common Stock | A | 2500 | — | Acquired | 18210 | Direct |
| 2008-01-02 | Common Stock | M | 1667 | — | Acquired | 19877 | Direct |
| 2008-01-02 | Common Stock | D | 1667 | $102.85 | Disposed | 18210 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2008-01-02 | Phantom Stock | $ | M | 834 | Disposed | 2008-01-01 | Common Stock (834) | Direct |
| 2008-01-02 | Phantom Stock | $ | M | 833 | Disposed | 2009-01-01 | Common Stock (1667) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Director Stock Option (right to buy) | $38.9063 | 2010-01-02 | Common Stock (4000) | 4000 | Direct |
| 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 |
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 provided for potential vesting in three annual tranches, with the first measurement date on January 1, 2006. 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.
F5: 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.
F6: 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.
F7: Settlement of vested phantom stock grant. The settlement amount equaled the closing price of issuer stock on the last trading day preceding the measurement date. The settlement is deemed for reporting purposes to be the simultaneous acquisition and disposition back to the issuer for cash of the vested shares of phantom stock.
F8: Grant of restricted stock pursuant to the SPX Corporation 2006 Non-Employee Directors' Stock Incentive Plan.