WILLIAMS DAVID P 4

Accession 0001179110-06-002445

CIK 0000088205other

Filed

Jan 30, 7:00 PM ET

Accepted

Jan 31, 4:47 PM ET

Size

26.5 KB

Accession

0001179110-06-002445

Form 4

Period: 2006-01-27

Director

Transactions

Disposition to Issuer
Common Stock
2006-01-27$45.77/sh−833$38,126→ 15,522 total
Exercise/Conversion
Phantom Stock
2006-01-27−833→ 1,667 total
From: 2006-01-01Exp: 2008-01-01→ Common Stock (2,500 underlying)
Exercise/Conversion
Common Stock
2006-01-27+833→ 16,355 total

Holdings

Director Stock Option (right to buy)
Exercise: $64.60From: 2001-12-18Exp: 2011-01-01→ Common Stock (3,432 underlying)
3,432
Director Stock Option (right to buy)
Exercise: $69.43From: 2002-07-02Exp: 2012-01-01→ Common Stock (4,000 underlying)
4,000
Director Stock Option (right to buy)
Exercise: $71.34From: 2002-03-06Exp: 2009-02-23→ Common Stock (632 underlying)
632
Director Stock Option (right to buy)
Exercise: $71.34From: 2002-03-06Exp: 2009-01-03→ Common Stock (744 underlying)
744
Director Stock Option (right to buy)
Exercise: $58.50From: 2000-10-26Exp: 2010-01-02→ Common Stock (3,248 underlying)
3,248
Director Stock Option (right to buy)
Exercise: $71.34From: 2002-03-06Exp: 2006-04-23→ Common Stock (832 underlying)
832
Director Stock Option (right to buy)
Exercise: $52.00From: 2004-08-25Exp: 2014-02-24→ Common Stock (3,800 underlying)
3,800
Director Stock Option (right to buy)
Exercise: $58.50From: 2000-10-26Exp: 2009-01-03→ Common Stock (1,372 underlying)
1,372
Phantom Stock
From: 2006-06-23Exp: 2008-06-23→ Common Stock (197 underlying)
197
Director Stock Option (right to buy)
Exercise: $71.34From: 2002-03-06Exp: 2008-01-01→ Common Stock (1,018 underlying)
1,018
Director Stock Option (right to buy)
Exercise: $71.34From: 2002-03-06Exp: 2007-02-25→ Common Stock (1,646 underlying)
1,646
Director Stock Option (right to buy)
Exercise: $71.34From: 2002-03-06Exp: 2008-01-01→ Common Stock (1,006 underlying)
1,006

Footnotes (7)

[F1]Options granted under the SPX Corporation 1997 Non-Employee Directors Compensation Plan.
[F2]Options granted under the SPX Corporation 1992 Stock Compensation Plan.
[F3]Phantom stock granted pursuant to the SPX Corporation 2005 Non-Employee Directors' Compensation Plan.
[F4]Each share of phantom stock is the economic equivalent of one share of issuer common stock.
[F5]The grant of phantom stock provided for potential vesting in three annual tranches, with the first measurement date on January 1, 2006. Vesting is determined by comparing the issuer's shareholder return with the performance of the S&P 500. Any vested portion will be settled in cash.
[F6]The grant of phantom stock provides for automatic vesting in three equal annual tranches beginning on June 23, 2006, provided that the reporting person is still a director on the relevant vesting date. Any vested portion will be settled in cash.
[F7]Settlement of vested phantom stock grant. The settlement occurred in cash on the transaction date, which was as soon as administratively practicable following the determination that the vesting condition had been met. The settlement amount equaled the closing price of issuer stock on the last trading day preceding the measurement date. The settlement is deemed for reporting purposes to be the simultaneous acquisition and disposition back to the issuer for cash of the vested shares of phantom stock.

Documents

1 file

SPX CORP

CIK 0000088205

Entity typeother