Sec Form 4 Filing - Lowe Eugene Joseph III @ SPX CORP - 2018-02-22

Insider filing report for Changes in Beneficial Ownership
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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
Lowe Eugene Joseph III
2. Issuer Name and Ticker or Trading Symbol
SPX CORP [ SPXC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President and CEO
(Last) (First) (Middle)
C/O SPX CORPORATION, 13320-A BALLANTYNE CORPORATE PLACE
3. Date of Earliest Transaction (MM/DD/YY)
02/22/2018
(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 02/22/2018 A( 1 ) 50,522 A 357,962 ( 2 ) D
Common Stock 3,213 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 (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
Employee stock option to purchase common stock $ 12.36 10/13/2018( 3 ) 10/13/2025 Common Stock 332,673 332,673 D
Employee stock option to purchase common stock $ 21.16 01/02/2018( 4 ) 01/02/2025 Common Stock 45,776 45,776 D
Employee stock option to purchase common stock $ 12.85 03/02/2019( 5 ) 03/02/2026 Common Stock 186,919 186,919 D
Employee stock option to purchase common stock $ 27.4 03/01/2020( 6 ) 03/01/2027 Common Stock 82,405 82,405 D
Employee stock option to purchase common stock $ 32.69 02/22/2018 A( 7 ) 72,298 02/22/2021 02/22/2028 Common Stock 72,298 ( 7 ) 72,298 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Lowe Eugene Joseph III
C/O SPX CORPORATION
13320-A BALLANTYNE CORPORATE PLACE
CHARLOTTE, NC28277
X President and CEO
Signatures
Stefanie Holland, Attorney in Fact for Eugene Joseph Lowe III 02/26/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Grant of restricted stock units under the SPX Corporation 2002 Stock Compensation Plan.
( 2 )Includes unvested restricted stock units.
( 3 )Vests as to 100% of the shares on the third anniversary of the grant date.
( 4 )Vests in three equal installments beginning on January 2, 2016.
( 5 )Vests in three equal installments beginning on March 2, 2017.
( 6 )Vests in three equal installments beginning on March 1, 2018.
( 7 )Grant of stock option pursuant to the SPX Corporation 2002 Stock Compensation Plan.

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).

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