SEC Info - Swann John William III - ‘4’ for 2/21/20 re: SPX Corp.

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Swann John William III

(Last)

(First)

(Middle)

C/O SPX CORPORATION

13320-A BALLANTYNE CORPORATE PLACE

(Street)

CHARLOTTE

28277

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
SPX CORP [ SPXC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Pres., Heating and Location &

3. Date of Earliest Transaction (Month/Day/Year)
2/21/20

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	2/21/20		A ⁽¹⁾		2,294	A	⁽¹⁾	77,479 ⁽³⁾	D
Common Stock	2/21/20		F ⁽²⁾		3,840	D	$50.09	73,639 ⁽³⁾	D
Common Stock								2,993	I	401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee stock option to purchase common stock	$12.36							10/13/18 ⁽⁴⁾	10/13/25	Common Stock	66,535		66,535	D
Employee stock option to purchase common stock	$12.85							3/2/19 ⁽⁵⁾	3/2/26	Common Stock	31,776		31,776	D
Employee stock option to purchase common stock	$27.4							3/1/20 ⁽⁶⁾	3/1/27	Common Stock	13,214		13,214	D
Employee stock option to purchase common stock	$32.69							2/22/21 ⁽⁷⁾	2/22/28	Common Stock	12,361		12,361	D
Employee stock option to purchase common stock	$36.51							2/21/22 ⁽⁸⁾	2/21/29	Common Stock	13,556		13,556	D
Employee stock option to purchase common stock	$50.09							2/20/23 ⁽⁹⁾	2/20/30	Common Stock	10,552		10,552	D

Explanation of Responses:

(1) Grant of shares under the SPX Corporation 2019 Stock Compensation Plan for achievement of performance for the 2016-2018 performance period.

(2) Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of restricted stock units previously granted under the SPX Corporation 2019 Stock Compensation Plan.

(3) Includes unvested restricted stock units.

(4) Vests as to 100% of the shares on the third anniversary of the grant date.

(5) Vests in three equal installments beginning on March 2, 2017.

(6) Vests in three equal installments beginning on March 1, 2018.

(7) Vests in three equal installments beginning on February 22, 2019.

(8) Vests in three equal installments beginning on February 21, 2020.

(9) Vests in three equal installments beginning on February 20, 2021.

	/s/ John Nurkin, Attorney in Fact for John William Swann, III	2/25/20
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

____________ Transaction Codes:
A	Grant, award or other acquisition pursuant to Rule 16b-3(d).
F	Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3.

Swann John William III – ‘4’ for 2/21/20 re: SPX Corp.

On: Tuesday, 2/25/20, at 4:19pm ET · For: 2/21/20 · Accession #: 1179110-20-2217 · File #: 1-06948

Previous ‘4’: ‘4’ on 2/24/20 for 2/20/20 · Next: ‘4’ on 2/26/20 for 2/24/20 · Latest: ‘4’ on 3/22/24 for 3/20/24

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Swann John William III – ‘4’ for 2/21/20 re: SPX Corp.

On: Tuesday, 2/25/20, at 4:19pm ET · For: 2/21/20 · Accession #: 1179110-20-2217 · File #: 1-06948

Previous ‘4’: ‘4’ on 2/24/20 for 2/20/20 · Next: ‘4’ on 2/26/20 for 2/24/20 · Latest: ‘4’ on 3/22/24 for 3/20/24

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents