SEC FORM 4

SEC Form 4

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^*

JOHNSON CHARLES E II

(Last)

(First)

(Middle)

C/O SPX CORPORATION

13515 BALLANTYNE CORPORATE PLACE

(Street)

CHARLOTTE

28277

(City)

(State)

(Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
11/12/2003

4. 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 Acquired, Disposed of, or Beneficially Owned
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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/12/2003		G⁽¹⁾	V	1,200	D	⁽⁵⁾	41,772⁽²⁾	D
Common Stock	08/08/1988		J⁽¹⁾		0	A	$0	39,360⁽²⁾	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 (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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Director Stock Option (right to buy)⁽³⁾	$57.9688⁽²⁾	08/08/1988		J⁽¹⁾		0		03/20/2000	01/01/2008	Common Stock	2,346⁽²⁾	$0	2,346⁽²⁾	D
Director Stock Option (right to buy)⁽⁴⁾	$57.9688⁽²⁾	08/08/1988		J⁽¹⁾		0		03/20/2000	04/27/2003	Common Stock	1,116⁽²⁾	$0	1,116⁽²⁾	D
Director Stock Option (right to buy)⁽⁴⁾	$57.9688⁽²⁾	08/08/1988		J⁽¹⁾		0		03/20/2000	04/26/2004	Common Stock	1,106⁽²⁾	$0	1,106⁽²⁾	D
Director Stock Option (right to buy)⁽⁴⁾	$57.9688⁽²⁾	08/08/1988		J⁽¹⁾		0		03/20/2000	04/25/2005	Common Stock	1,330⁽²⁾	$0	1,330⁽²⁾	D
Director Stock Option (right to buy)⁽⁴⁾	$57.9688⁽²⁾	08/08/1988		J⁽¹⁾		0		03/20/2000	04/23/2006	Common Stock	948⁽²⁾	$0	948⁽²⁾	D
Director Stock Option (right to buy)⁽³⁾	$57.9688⁽²⁾	08/08/1988		J⁽¹⁾		0		03/20/2000	04/25/2007	Common Stock	1,844⁽²⁾	$0	1,844⁽²⁾	D
Director Stock Option (right to buy)⁽³⁾	$57.9688⁽²⁾	08/08/1988		J⁽¹⁾		0		03/20/2000	01/03/2009	Common Stock	2,232⁽²⁾	$0	2,232⁽²⁾	D
Director Stock Option (right to buy)⁽³⁾	$57.9688⁽²⁾	08/08/1988		J⁽¹⁾		0		03/20/2000	04/23/2009	Common Stock	716⁽²⁾	$0	716⁽²⁾	D
Director Stock Option (right to buy)⁽³⁾	$56.25⁽²⁾	08/08/1988		J⁽¹⁾		0		11/13/2000	01/02/2010	Common Stock	3,280⁽²⁾	$0	3,280⁽²⁾	D
Director Stock Option (right to buy)⁽³⁾	$48.44⁽²⁾	08/08/1988		J⁽¹⁾		0		07/02/2001	01/01/2011	Common Stock	4,000⁽²⁾	$0	4,000⁽²⁾	D
Director Stock Option (right to buy)⁽³⁾	$69.43⁽²⁾	08/08/1988		J⁽¹⁾		0		07/02/2002	01/01/2012	Common Stock	4,000⁽²⁾	$0	4,000⁽²⁾	D
Director Stock Option (right to buy)⁽³⁾	$38.57⁽²⁾	08/08/1988		J⁽¹⁾		0		07/03/2003	01/02/2013	Common Stock	4,000⁽²⁾	$0	4,000⁽²⁾	D

Explanation of Responses:

1. Previously reported.

2. On October 24, 2002, SPX Corporation effected a 2-for-1 split of its common stock. As a result, the number of shares and the number of shares underlying options held by the Reporting Person as of October 24, 2002 have been adjusted to two times their pre-split amounts. In addition, the exercise prices of options held by the Reporting Person on October 24, 2002 have been adjusted to one-half their pre-split amounts.

3. Options granted under the SPX Corporation 1997 Non-Employee Directors Compensation Plan.

4. Options granted under the SPX Corporation 1992 Stock Compensation Plan.

5. No price is reported since the transaction was a bona fide gift.

	C.J. Kearney, Attorney In Fact for Charles E. Johnson II	11/20/2003
	** 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).
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