SEC Form 4 · accession 0001179110-18-012767
SPX Technologies, Inc. · SPXC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Webster Nurkin
Officer — VP, Gen. Counsel & Secretary
Period of report
Nov 9, 2018
Accepted (ET)
Nov 13, 2018 · 4:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000088205
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Nov 9, 2018 | S | 16,800 | $29.08 | D | 54,790 | D | |
| Common Stock | Nov 9, 2018 | I | 17,811 | $29.37 | A | 21,674 | I | 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee stock option to purchase common stockF4 | $12.36 | holding | — | — | — | Oct 13, 2018 | Oct 13, 2025 | Common Stock | 55,224 | 55,224 | D |
| Employee stock option to purchase common stockF5 | $12.85 | holding | — | — | — | Mar 2, 2019 | Mar 2, 2026 | Common Stock | 31,028 | 31,028 | D |
| Employee stock option to purchase common stockF6 | $27.40 | holding | — | — | — | Mar 1, 2020 | Mar 1, 2027 | Common Stock | 13,498 | 13,498 | D |
| Employee stock option to purchase common stockF7 | $32.69 | holding | — | — | — | Feb 22, 2021 | Feb 22, 2028 | Common Stock | 11,778 | 11,778 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.00 to $29.16, 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.
- F2Includes unvested restricted stock units.
- F3Exempt discretionary transaction in accordance with Rule 16b-3(f).
- F4Vests as to 100% of the shares on the third anniversary of the grant date.
- F5Vests in three equal installments beginning on March 2, 2017.
- F6Vests in three equal installments beginning on March 1, 2018.
- F7Vests in three equal installments beginning on February 22, 2019.