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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

OLEARY PATRICK J

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, CFO & Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
06/05/2008

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	06/05/2008		S⁽⁷⁾		300	D	$130.7	216,547	D
Common Stock	06/05/2008		S⁽⁷⁾		300	D	$130.67	216,247	D
Common Stock	06/05/2008		S⁽⁷⁾		200	D	$130.66	216,047	D
Common Stock	06/05/2008		S⁽⁷⁾		100	D	$130.6	215,947	D
Common Stock	06/05/2008		S⁽⁷⁾		800	D	$130.59	215,147	D
Common Stock	06/05/2008		S⁽⁷⁾		500	D	$130.53	214,647	D
Common Stock	06/05/2008		S⁽⁷⁾		100	D	$130.52	214,547	D
Common Stock	06/05/2008		S⁽⁷⁾		100	D	$130.5	214,447	D
Common Stock	06/05/2008		S⁽⁷⁾		200	D	$130.49	214,247	D
Common Stock	06/05/2008		S⁽⁷⁾		200	D	$130.43	214,047	D
Common Stock	06/05/2008		S⁽⁷⁾		300	D	$130.37	213,747	D
Common Stock	06/05/2008		S⁽⁷⁾		200	D	$130.36	213,547	D
Common Stock	06/05/2008		S⁽⁷⁾		900	D	$130.33	212,647	D
Common Stock	06/05/2008		S⁽⁷⁾		200	D	$130.27	212,447	D
Common Stock	06/05/2008		S⁽⁷⁾		800	D	$130.22	211,647	D
Common Stock	06/05/2008		S⁽⁷⁾		200	D	$130.21	211,447	D
Common Stock	06/05/2008		S⁽⁷⁾		1,400	D	$130.2	210,047	D
Common Stock	06/05/2008		S⁽⁷⁾		1,200	D	$130.19	208,847	D
Common Stock	06/05/2008		S⁽⁷⁾		100	D	$130.18	208,747	D
Common Stock	06/05/2008		S⁽⁷⁾		300	D	$130.17	208,447	D
Common Stock	06/05/2008		S⁽⁷⁾		800	D	$130.16	207,647	D
Common Stock	06/05/2008		S⁽⁷⁾		800	D	$130.15	206,847	D
Common Stock	06/05/2008		S⁽⁷⁾		600	D	$130.13	206,247	D
Common Stock	06/05/2008		S⁽⁷⁾		1,000	D	$130.12	205,247	D
Common Stock	06/05/2008		S⁽⁷⁾		400	D	$130.11	204,847	D
Common Stock	06/05/2008		S⁽⁷⁾		600	D	$130.09	204,247	D
Common Stock								3,929	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)
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)
Employee stock option to purchase common stock⁽¹⁾	$72.5							06/23/2004	06/22/2009	Common Stock	666,668		666,668	D
Employee stock option to purchase common stock⁽²⁾	$38.9063							⁽³⁾	01/02/2010	Common Stock	70,000		70,000	D
Employee stock option to purchase common stock⁽²⁾	$48.44							⁽⁴⁾	01/01/2011	Common Stock	70,000		70,000	D
Employee stock option to purchase common stock⁽²⁾	$69.43							⁽⁵⁾	01/01/2012	Common Stock	70,000		70,000	D
Employee stock option to purchase common stock⁽²⁾	$38.57							⁽⁶⁾	01/02/2013	Common Stock	70,000		70,000	D

Explanation of Responses:

1. Grant of options to purchase Common Stock: 250,000 shares at $60 per share, 250,000 shares at $72.50 per share, 250,000 shares at $85 per share, and 250,000 shares at $97.50 per share. Following the reported transactions, options remain outstanding to purchase Common Stock: 0 shares at $60 per share, 166,668 shares at $72.50 per share, and 250,000 shares at $97.50 per share.

2. Granted under the SPX Corporation 2002 Stock Compensation Plan or its predecessor plan, the 1992 Stock Compensation Plan.

3. Option vested as to 35,000 shares on each of January 3, 2002 and 2003.

4. Option vested as to 23,334 shares on each of January 2, 2002 and 2004, and 23,332 shares on January 2, 2003.

5. Option vested as to 23,334 shares on each of January 2, 2003 and 2005, and 23,332 shares on January 2, 2004.

6. Option vested as to 23,334 shares on January 3, 2004 and 23,333 shares on January 3, 2005, and 23,333 shares on January 3, 2006.

7. This transaction was effected pursuant to a Rule 10b5-1(c) sales plan adopted by the reporting person on November 12, 2007.

	Brian Webb, Attorney In Fact for Patrick J. O'Leary	06/09/2008
	** 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.
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.