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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
SPX CORP [ SPW ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 01/20/2004 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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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) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 01/20/2004 | M(11) | 100,000 | A | $22.875 | 1,134,562(1) | D | |||
Common Stock | 01/20/2004 | S(11) | 2,100 | D | $60.31 | 1,132,462(1) | D | |||
Common Stock | 01/20/2004 | S(11) | 1,300 | D | $60.32 | 1,131,162(1) | D | |||
Common Stock | 01/20/2004 | S(11) | 2,000 | D | $60.35 | 1,129,162(1) | D | |||
Common Stock | 01/20/2004 | S(11) | 1,800 | D | $60.42 | 1,127,362(1) | D | |||
Common Stock | 01/20/2004 | S(11) | 1,600 | D | $60.45 | 1,125,762(1) | D | |||
Common Stock | 01/20/2004 | S(11) | 900 | D | $60.46 | 1,124,862(1) | D | |||
Common Stock | 01/20/2004 | S(11) | 100 | D | $60.47 | 1,124,762(1) | D | |||
Common Stock | 01/20/2004 | S(11) | 500 | D | $60.49 | 1,124,262(1) | D | |||
Common Stock | 01/20/2004 | S(11) | 2,400 | D | $60.5 | 1,121,862(1) | D | |||
Common Stock | 01/20/2004 | S(11) | 1,000 | D | $60.51 | 1,120,862(1) | D | |||
Common Stock | 01/20/2004 | S(11) | 1,000 | D | $60.52 | 1,119,862(1) | D | |||
Common Stock | 01/20/2004 | S(11) | 800 | D | $60.53 | 1,119,062(1) | D | |||
Common Stock | 01/20/2004 | S(11) | 300 | D | $60.54 | 1,118,762(1) | D | |||
Common Stock | 01/20/2004 | S(11) | 1,400 | D | $60.55 | 1,117,362(1) | D | |||
Common Stock | 01/20/2004 | S(11) | 1,100 | D | $60.56 | 1,116,262(1) | D | |||
Common Stock | 01/20/2004 | S(11) | 600 | D | $60.57 | 1,115,662(1) | D | |||
Common Stock | 01/20/2004 | S(11) | 100 | D | $60.58 | 1,115,562(1) | D | |||
Common Stock | 01/20/2004 | S(11) | 2,000 | D | $60.59 | 1,113,562(1) | D | |||
Common Stock | 01/20/2004 | S(11) | 3,000 | D | $60.6 | 1,110,562(1) | D | |||
Common Stock | 01/20/2004 | S(11) | 300 | D | $60.61 | 1,110,262(1) | D | |||
Common Stock | 01/20/2004 | S(11) | 700 | D | $60.64 | 1,109,562(1) | D | |||
Common Stock | 01/20/2004 | S(11) | 2,000 | D | $61 | 1,107,562(1) | D | |||
Common Stock | 01/20/2004 | S(11) | 1,500 | D | $61.01 | 1,106,062(1) | D | |||
Common Stock | 01/20/2004 | S(11) | 1,200 | D | $61.04 | 1,104,862(1) | D | |||
Common Stock | 01/20/2004 | S(11) | 300 | D | $61.06 | 1,104,562(1) | D | |||
Common Stock | 01/20/2004 | S(11) | 4,200 | D | $61.33 | 1,100,362(1) | D | |||
Common Stock | 01/20/2004 | S(11) | 10,000 | D | $61.35 | 1,090,362(1) | D | |||
Common Stock | 01/20/2004 | S(11) | 800 | D | $61.39 | 1,089,562(1) | D | |||
Common Stock | 5,055 | I | 401 (k) Plan |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee stock option to purchase common stock | $0(2) | 01/20/2004 | M(11) | 100,000 | 01/01/2002 | 02/25/2007 | Common Stock | 1,800,000 | $0 | 1,700,000 | D | ||||
Employee stock option to purchase common stock(3) | $32.4375 | (4) | 01/03/2009 | Common Stock | 65,000 | 65,000 | D | ||||||||
Employee stock option to purchase common stock | $0(5) | 06/23/2004 | 06/22/2009 | Common Stock | 2,000,000 | 2,000,000 | D | ||||||||
Employee stock option to purchase common stock(3) | $38.9063 | (6) | 01/02/2010 | Common Stock | 130,000 | 130,000 | D | ||||||||
Employee stock option to purchase common stock(3) | $58.375 | 06/07/2000 | 12/17/2005 | Common Stock | 8,956 | 8,956 | D | ||||||||
Employee stock option to purchase common stock(3) | $58.375 | 06/07/2000 | 01/01/2008 | Common Stock | 13,026 | 13,026 | D | ||||||||
Employee stock option to purchase common stock(3) | $86.4688 | 08/14/2000 | 12/17/2005 | Common Stock | 43,458 | 43,458 | D | ||||||||
Employee stock option to purchase common stock(3) | $86 | 09/01/2000 | 01/13/2007 | Common Stock | 19,440 | 19,440 | D | ||||||||
Employee stock option to purchase common stock(3) | $86 | 09/01/2000 | 01/13/2007 | Common Stock | 21,520 | 21,520 | D | ||||||||
Employee stock option to purchase common stock(3) | $86 | 09/01/2000 | 12/17/2005 | Common Stock | 47,906 | 47,906 | D | ||||||||
Employee stock option to purchase common stock | $0(7) | 08/22/2005 | 08/21/2010 | Common Stock | 2,000,000 | 2,000,000 | D | ||||||||
Employee stock option to purchase common stock(3) | $48.44 | (8) | 01/11/2011 | Common Stock | 130,000 | 130,000 | D | ||||||||
Employee stock option to purchase common stock(3) | $47.565 | 03/14/2001 | 01/01/2008 | Common Stock | 54,642 | 54,642 | D | ||||||||
Employee stock option to purchase common stock(3) | $47.565 | 03/14/2001 | 01/03/2009 | Common Stock | 53,784 | 53,784 | D | ||||||||
Employee stock option to purchase common stock(3) | $58.875 | 05/11/2001 | 01/13/2007 | Common Stock | 13,528 | 13,528 | D | ||||||||
Employee stock option to purchase common stock(3) | $61.5 | 05/17/2001 | 01/13/2007 | Common Stock | 17,202 | 17,202 | D | ||||||||
Employee stock option to purchase common stock(3) | $61.5 | 05/17/2001 | 01/01/2008 | Common Stock | 35,510 | 35,510 | D | ||||||||
Employee stock option to purchase common stock(3) | $69.43 | (9) | 01/01/2012 | Common Stock | 200,000 | 200,000 | D | ||||||||
Employee stock option to purchase common stock(3) | $38.57 | (10) | 01/02/2013 | Common Stock | 200,000 | 200,000 | D |
Explanation of Responses: |
1. Includes 1,000,000 shares of Restricted Stock awarded pursuant to the SPX Corporation 2002 Stock Compensation Plan under an amendment to Mr. Blystone's employment agreement. Shares vest in five annual installments of 200,000 shares commencing on July 3, 2007. |
2. Exercise price: 300,000 shares at $22.875 per share, 500,000 shares at $30 per share, 500,000 shares at $37.50 per share, and 500,000 shares at $45 per share. The 100,000 shares exercised had an exercise price of $22.875. |
3. Granted pursuant to SPX Corporation 2002 Stock Compensation Plan or its predecessor plan, the 1992 Stock Compensation Plan. |
4. Option vested as to 65,000 shares on each of January 4, 2001 and 2002. |
5. Grant of options to purchase Common Stock - 500,000 shares at $60 per share, 500,000 shares at $72.50 per share, 500,000 shares at $85 per share, and 500,000 shares at $97.50 per share. |
6. Option vests as to 65,000 shares on each of January 3, 2002 and 2003. |
7. Grant of options to purchase Common Stock: 500,000 shares at $105 per share, 500,000 shares at $120 per share, 500,000 shares at $135 per share, and 500,000 shares at $150 per share. |
8. Option vests as to 43,334 shares on each of January 2, 2002 and 2004, and 43,332 shares on January 2, 2003. |
9. Option vests as to 66,668 shares on January 2, 2003 and 66,666 shares on each of January 2, 2004 and 2005. |
10. Option vests as to 66,667 shares on each of January 3, 2004 and 2005 and 66,666 shares on January 3, 2006. |
11. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 31, 2003. |
Remarks: |
This Form 4 is 1 of 2 being filed by the reporting person to report transactions executed on 1/20/2004. Multiple forms are required as a result of technical limitations in the Securities and Exchange Commission's filing system. |
C.J. Kearney, Attorney In Fact for John B. Blystone | 01/21/2004 | |
** 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. |