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*
BLYSTONE JOHN B
(Last) (First) (Middle)
C/O SPX CORPORATION
13515 BALLANTYNE CORPORATE PLACE
(Street)
CHARLOTTE NC 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
X Officer (give title below) Other (specify below)
Chairman, President & CEO
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)
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)
Code V Amount (A) or (D) Price
Common Stock 01/20/2004 S(11) 5,000 D $62.1 1,084,562(1) D
Common Stock 01/20/2004 S(11) 30,000 D $62.15 1,054,562(1) D
Common Stock 01/20/2004 S(11) 5,000 D $62.2 1,049,562(1) D
Common Stock 01/20/2004 S(11) 15,000 D $62.25 1,034,562(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)
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) 01/01/2002 02/25/2007 Common Stock 1,700,000 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: 200,000 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.
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 2 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.
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