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John William Swann III

Filed: 3 Mar 22, 8:55pm
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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OMB Number: 3235-0287
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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*
Swann John William III

(Last) (First) (Middle)
C/O SPX CORPORATION
6325 ARDREY KELL ROAD, SUITE 400

(Street)
CHARLOTTE NC 28277

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SPX CORP [ SPXC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Pres., Heating and Location &
3. Date of Earliest Transaction (Month/Day/Year)
03/01/2022
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 03/01/2022 F(1) 465 D $50.7 73,240(2) D
Common Stock 03/01/2022 A(3) 10,232 A (3) 83,472(2) D
Common Stock 3,613 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 $12.36 10/13/2018(4) 10/13/2025 Common Stock 7,263 8,573 D
Employee stock option to purchase common stock $27.4 03/01/2020(5) 03/01/2027 Common Stock 13,214 13,214 D
Employee stock option to purchase common stock $32.69 02/22/2021(6) 02/22/2028 Common Stock 12,361 12,361 D
Employee stock option to purchase common stock $36.51 02/21/2022(7) 02/21/2029 Common Stock 13,556 13,556 D
Employee stock option to purchase common stock $50.09 02/20/2023(8) 02/20/2030 Common Stock 10,552 10,552 D
Employee stock option to purchase common stock $58.34 03/01/2024(9) 03/01/2031 Common Stock 8,101 8,101 D
Employee stock option to purchase common stock $48.97 03/01/2022 A(10) 8,641 03/01/2025(11) 03/01/2032 Common Stock 8,641 (10) 8,641 D
Explanation of Responses:
1. Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of restricted stock units previously granted under the SPX Corporation 2019 Stock Compensation Plan.
2. Includes unvested restricted stock units.
3. Grant of restricted stock units under the SPX Corporation 2019 Stock Compensation Plan
4. Vests as to 100% of the shares on the third anniversary of the grant date.
5. Vests in three equal installments beginning on March 1, 2018.
6. Vests in three equal installments beginning on February 22, 2019.
7. Vests in three equal installments beginning on February 21, 2020.
8. Vests in three equal installments beginning on February 20, 2021.
9. Vests in three equal installments beginning on March 1, 2022.
10. Grant of stock option pursuant to the SPX Corporation 2019 Stock Compensation Plan.
11. Vests in three equal installments beginning on March 1, 2023.
John Nurkin, Attorney in Fact for John William Swann, III 03/03/2022
** 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.