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SEC FORM 3 SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Peters James A

(Last)

(First)

(Middle)

C/O SPX CORPORATION

13515 BALLANTYNE CORPORATE PLACE

(Street)

CHARLOTTE

28277

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
12/13/2006

3. Issuer Name and Ticker or Trading Symbol
SPX CORP [ SPW ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
V.P., Operations

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock⁽¹⁾	43,516	D
Common Stock	1,587	I	401(k) Plan

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee stock option to purchase common stock.⁽²⁾	12/13/2006	05/15/2010	Common Stock	10,000	55.7188	D
Employee stock option to purchase common stock.⁽²⁾	12/13/2006	01/02/2012	Common Stock	30,000	69.43	D

Explanation of Responses:

1. Includes unvested restricted stock units.

2. Granted under the SPX Corporation 2002 Stock Compensation Plan.

	Kevin L. Lilly, Attorney In Fact for James A. Peters	12/22/2006
	** 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 5 (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.

LIMITED POWER OF ATTORNEY


     The undersigned hereby appoints each of Kevin L. Lilly,
Spencer Conard, Brian Webb and Lydia Myrick, signing singly, as
his attorney-in-fact to act for him and in his name solely to
do all or any of the following:

     1.     To execute and file with the Securities and
Exchange Commission all statements regarding his beneficial
ownership of securities of SPX Corporation filed pursuant to
Section 16(a) of the Securities Exchange Act of 1934;

     2.     To execute all necessary instruments to carry out
and perform any of the powers stated above, and to do any other
acts requisite to carrying out such powers.

     None of Kevin L. Lilly, Spencer Conard, Brian Webb or
Lydia Myrick shall incur any liability to the undersigned for
acting or refraining from acting under this power, except for
such attorney's own willful misconduct or gross negligence.
The undersigned acknowledges that the foregoing attorneys-in-
fact, in serving in such capacity at the request of the
undersigned, are not assuming, nor is SPX Corporation assuming,
any of the undersigned's responsibilities to comply with
Section 16 of the Securities Exchange Act of 1934.

     Any reproduced copy of this signed original shall be
deemed to be an original counterpart of this Power of Attorney.

     This Power of Attorney is governed by Delaware law.

     This Power of Attorney shall remain in full force and
effect until the undersigned is no longer required to file
statements pursuant to Section 16(a) of the Securities Exchange
Act of 1934 with respect to the undersigned's beneficial
ownership of securities of SPX Corporation, unless earlier
revoked.  This Power of Attorney shall terminate with respect
to the attorney-in-fact upon receipt by Kevin L. Lilly, Spencer
Conard, Brian Webb or Lydia Myrick, as the case may be, from
the undersigned of a written notice of revocation of this Power
of Attorney.  The undersigned shall have the right to revoke
this Power of Attorney at any time.

     IN WITNESS WHEREOF, the undersigned has executed this
Power of Attorney this 7th day of December, 2006.

By: /s/ James A. Peters
        James A. Peters