Sec Form 4 Filing - JOHNSON CHARLES E II @ SPX CORP - 2007-05-04

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

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person JOHNSON CHARLES E II 2. Issuer Name and Ticker or Trading Symbol SPX CORP [ SPW] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O SPX CORPORATION, 13515 BALLANTYNE CORPORATE PLACE 3. Date of Earliest Transaction (MM/DD/YY) 05/04/2007 (Street) CHARLOTTE, NC28277 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 05/04/2007( 7 ) M 834 A 18,866 D Common Stock 05/04/2007( 7 ) D 834 D $ 78.09 18,032 D Common Stock 05/04/2007( 7 ) M 132 A 18,164 D Common Stock 05/04/2007( 7 ) D 132 D $ 78.09 18,032 D Common Stock 05/04/2007( 7 ) M 1,667 A 19,699 D Common Stock 05/04/2007( 7 ) D 1,667 D $ 78.09 18,032 D Common Stock 4,400 I Owned by spouse

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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 Director Stock Option (right to buy) ( 1 ) $ 57.9688 03/20/2000 01/01/2008 Common Stock 2,346 2,346 D Director Stock Option (right to buy) ( 1 ) $ 57.9688 03/20/2000 01/03/2009 Common Stock 2,232 2,232 D Director Stock Option (right to buy) ( 1 ) $ 57.9688 03/20/2000 04/23/2009 Common Stock 716 716 D Director Stock Option (right to buy) ( 1 ) $ 56.25 11/13/2000 01/02/2010 Common Stock 3,280 3,280 D Director Stock Option (right to buy) ( 1 ) $ 48.44 07/02/2001 01/01/2011 Common Stock 4,000 4,000 D Director Stock Option (right to buy) ( 1 ) $ 69.43 07/02/2002 01/01/2012 Common Stock 4,000 4,000 D Director Stock Option (right to buy) ( 1 ) $ 38.57 07/03/2003 01/02/2013 Common Stock 4,000 4,000 D Director Stock Option (right to buy) ( 1 ) $ 52 08/25/2004 02/24/2014 Common Stock 3,800 3,800 D Phantom Stock ( 2 ) ( 3 ) 05/04/2007( 7 ) M 834 01/01/2006( 4 ) 01/01/2008 Common Stock 834 ( 3 ) 0 D Phantom Stock ( 2 ) ( 3 ) 05/04/2007( 7 ) M 132 06/23/2006( 5 ) 06/23/2008 Common Stock 132 ( 3 ) 0 D Phantom Stock ( 3 ) 05/04/2007( 7 ) M 1,667 01/01/2007( 6 ) 01/01/2009 Common Stock 1,667 ( 3 ) 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other JOHNSON CHARLES E II C/O SPX CORPORATION 13515 BALLANTYNE CORPORATE PLACE CHARLOTTE, NC28277 X Signatures Brian Webb, Attorney In Fact for Charles E. Johnson II 05/08/2007 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Options granted under the SPX Corporation 1997 Non-Employee Directors Compensation Plan. ( 2 )Phantom stock granted pursuant to the SPX Corporation 2005 Non-Employee Directors' Compensation Plan. ( 3 )Each share of phantom stock is the economic equivalent of one share of issuer common stock. ( 4 )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. ( 5 )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. ( 6 )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. ( 7 )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.

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).

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