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Ownership Document |
Schema Version: X0306 |
Document Type: 4 |
Period of Report: 3/3/20 |
Not Subject to Section 16: 0 |
Issuer: |
| Issuer CIK: 88205 |
| Issuer Name: SPX CORP |
| Issuer Trading Symbol: SPXC |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1653219 |
| | Owner Name: Nurkin John Webster |
| Reporting Owner Address: |
| | Owner Street 1: C/O SPX CORPORATION |
| | Owner Street 2: 13320-A BALLANTYNE CORPORATE PLACE |
| | Owner City: CHARLOTTE |
| | Owner State: NC |
| | Owner ZIP Code: 28277 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: VP, Gen. Counsel & Secretary |
| | Other Text: |
Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 3/3/20 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 18,408 |
| | | Transaction Price Per Share: |
| Value: 12.36 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 86,781 |
| Footnote ID: F1 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 3/3/20 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: S |
| | | Equity Swap Involved? No |
| | | Footnote ID: F2 |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 18,408 |
| | | Transaction Price Per Share: |
| Value: 44.29 |
| Footnote ID: F3 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 68,373 |
| Footnote ID: F1 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Common Stock |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 21,636 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: 401(k) Plan |
Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Employee stock option to purchase common stock |
| | Conversion or Exercise Price: |
| | | Value: 12.36 |
| | Transaction Date: |
| | | Value: 3/3/20 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 18,408 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Exercise Date: |
| | | Value: 10/13/18 |
| | | Footnote ID: F4 |
| | Expiration Date: |
| | | Value: 10/13/25 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 18,408 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 36,816 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Employee stock option to purchase common stock |
| | Conversion or Exercise Price: |
| | | Value: 12.85 |
| | Exercise Date: |
| | | Value: 3/2/19 |
| | | Footnote ID: F5 |
| | Expiration Date: |
| | | Value: 3/2/26 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 31,028 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 31,028 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Employee stock option to purchase common stock |
| | Conversion or Exercise Price: |
| | | Value: 27.40 |
| | Exercise Date: |
| | | Value: 3/1/20 |
| | | Footnote ID: F6 |
| | Expiration Date: |
| | | Value: 3/1/27 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 13,498 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 13,498 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Employee stock option to purchase common stock |
| | Conversion or Exercise Price: |
| | | Value: 32.69 |
| | Exercise Date: |
| | | Value: 2/22/21 |
| | | Footnote ID: F7 |
| | Expiration Date: |
| | | Value: 2/22/28 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 11,778 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 11,778 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Employee stock option to purchase common stock |
| | Conversion or Exercise Price: |
| | | Value: 36.51 |
| | Exercise Date: |
| | | Value: 2/21/22 |
| | | Footnote ID: F8 |
| | Expiration Date: |
| | | Value: 2/21/29 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 11,189 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 11,189 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Employee stock option to purchase common stock |
| | Conversion or Exercise Price: |
| | | Value: 50.09 |
| | Exercise Date: |
| | | Value: 2/20/23 |
| | | Footnote ID: F9 |
| | Expiration Date: |
| | | Value: 2/20/30 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 7,527 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 7,527 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Footnotes: |
| Footnote - F1: Includes unvested restricted stock units. |
| Footnote - F2: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 5, 2019. |
| Footnote - F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.38 to $45.93, inclusive. The reporting person undertakes to provide to SPX Corporation, any security holder of SPX Corporation, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. |
| Footnote - F4: Vests as to 100% of the shares on the third anniversary of the grant date. |
| Footnote - F5: Vests in three equal installments beginning on March 2, 2017 |
| Footnote - F6: Vests in three equal installments beginning on March 1, 2018. |
| Footnote - F7: Vests in three equal installments beginning on February 22, 2019. |
| Footnote - F8: Vests in three equal installments beginning on February 21, 2020. |
| Footnote - F9: Vests in three equal installments beginning on February 20, 2021. |
Owner Signature: |
| Signature Name: /s/ John Webster Nurkin |
| Signature Date: 3/5/20 |