Statement of Changes in Beneficial Ownership (4)
August 11 2020 - 4:39PM
Edgar (US Regulatory)
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 OF SECURITIES
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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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1. Name and Address of Reporting Person
*
Reilly Michael Andrew |
2. Issuer Name and Ticker or Trading Symbol
SPX CORP
[
SPXC
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Corp. Controller and CAO |
(Last)
(First)
(Middle)
C/O SPX CORPORATION, 13320-A BALLANTYNE CORPORATE PLACE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
8/7/2020 |
(Street)
CHARLOTTE, NC 28277
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 8/7/2020 | | M | | 3410 | A | $27.40 | 64465 (1) | D | |
Common Stock | 8/7/2020 | | M | | 6219 | A | $32.69 | 70684 (1) | D | |
Common Stock | 8/7/2020 | | S | | 20425 | D | $41.54 (2) | 50259 (1) | D | |
Common Stock | | | | | | | | 1235 | I | 401(k) Plan |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 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 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 | $27.40 | 8/7/2020 | | M | | | 3410 | 3/1/2020 (3) | 3/1/2027 | Common Stock | 3410 | $0 | 0 | D | |
Employee stock option to purchase common stock | $32.69 | 8/7/2020 | | M | | | 6219 | 2/22/2021 (4) | 2/22/2028 | Common Stock | 6219 | $0 | 3110 | D | |
Employee stock option to purchase common stock | $36.51 | | | | | | | 2/21/2022 (5) | 2/21/2029 | Common Stock | 8607 | | 8607 | D | |
Employee stock option to purchase common stock | $50.09 | | | | | | | 2/20/2023 (6) | 2/20/2030 | Common Stock | 5628 | | 5628 | D | |
Explanation of Responses: |
(1) | Includes unvested restricted stock units. |
(2) | The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.44 to $41.88, inclusive. The reporting person undertakes to provide to SPX Corporation, any security holder of SPX Corporation, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. |
(3) | Vests in three equal installments beginning on March 1, 2018. |
(4) | Vests in three equal installments beginning on February 22, 2019. |
(5) | Vests in three equal installments beginning on February 21, 2020. |
(6) | Vests in three equal installments beginning on February 20, 2021. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Reilly Michael Andrew C/O SPX CORPORATION 13320-A BALLANTYNE CORPORATE PLACE CHARLOTTE, NC 28277 |
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| Corp. Controller and CAO |
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Signatures
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/s/ John Nurkin, Attorney in Fact for Michael A. Reilly | | 8/11/2020 |
**Signature of Reporting Person | Date |
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