Statement of Changes in Beneficial Ownership (4)
04 March 2021 - 8:27AM
Edgar (US Regulatory)
FORM 4
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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).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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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
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Swann John William III |
2. Issuer Name and Ticker or Trading Symbol
SPX CORP
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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)
Pres., Heating and Location & |
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(Last)
(First)
(Middle)
C/O SPX CORPORATION, 6325 ARDREY KELL ROAD, SUITE 400 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/1/2021 |
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(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 | 3/1/2021 | | A(1) | | 9422 | A | (1) | 77398 (2) | D | |
| Common Stock | | | | | | | | 3350 | 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 | $12.36 | | | | | | | 10/13/2018 (3) | 10/13/2025 | Common Stock | 23099 | | 23099 | D | |
| Employee stock option to purchase common stock | $27.40 | | | | | | | 3/1/2020 (4) | 3/1/2027 | Common Stock | 13214 | | 13214 | D | |
| Employee stock option to purchase common stock | $32.69 | | | | | | | 2/22/2021 (5) | 2/22/2028 | Common Stock | 12361 | | 12361 | D | |
| Employee stock option to purchase common stock | $36.51 | | | | | | | 2/21/2022 (6) | 2/21/2029 | Common Stock | 13556 | | 13556 | D | |
| Employee stock option to purchase common stock | $50.09 | | | | | | | 2/20/2023 (7) | 2/20/2030 | Common Stock | 10552 | | 10552 | D | |
| Employee stock option to purchase common stock | $58.34 | 3/1/2021 | | A (8) | | 8101 | | 3/1/2024 (9) | 3/1/2031 | Common Stock | 8101 | (8) | 8101 | D | |
| Explanation of Responses: |
| (1) | Grant of restricted stock units under the SPX Corporation 2019 Stock Compensation Plan. |
| (2) | Includes unvested restricted stock units. |
| (3) | Vests as to 100% of the shares on the third anniversary of the grant date. |
| (4) | Vests in three equal installments beginning on March 1, 2018. |
| (5) | Vests in three equal installments beginning on February 22, 2019. |
| (6) | Vests in three equal installments beginning on February 21, 2020. |
| (7) | Vests in three equal installments beginning on February 20, 2021. |
| (8) | Grant of stock option pursuant to the SPX Corporation 2019 Stock Compensation Plan. |
| (9) | Vests in three equal installments beginning on March 1, 2022. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Swann John William III
C/O SPX CORPORATION
6325 ARDREY KELL ROAD, SUITE 400
CHARLOTTE, NC 28277 |
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| Pres., Heating and Location & |
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Signatures
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| John Nurkin, Attorney in Fact for John William Swann, III | | 3/3/2021 |
| **Signature of Reporting Person | Date |
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