SEC Form 4 · accession 0001179110-19-002584
SPX Technologies, Inc. · SPXC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eugene Joseph Lowe III
Officer — President and CEO · Director
Period of report
Feb 22, 2019
Accepted (ET)
Feb 26, 2019 · 4:15 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 StockF3 | Feb 22, 2019 | A | 31,150 | $36.51 | A | 418,756 | D | |
| Common StockF3 | Feb 22, 2019 | F | 48,582 | $36.51 | D | 370,174 | D | |
| Common Stock | holding | — | — | — | 3,639 | 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 | 332,673 | 332,673 | D |
| Employee stock option to purchase common stockF5 | $21.16 | holding | — | — | — | Jan 2, 2018 | Jan 2, 2025 | Common Stock | 45,776 | 45,776 | D |
| Employee stock option to purchase common stockF6 | $12.85 | holding | — | — | — | Mar 2, 2019 | Mar 2, 2026 | Common Stock | 186,919 | 186,919 | D |
| Employee stock option to purchase common stockF7 | $27.40 | holding | — | — | — | Mar 1, 2020 | Mar 1, 2027 | Common Stock | 82,405 | 82,405 | D |
| Employee stock option to purchase common stockF8 | $32.69 | holding | — | — | — | Feb 22, 2021 | Feb 22, 2028 | Common Stock | 72,298 | 72,298 | D |
| Employee stock option to purchase common stockF9 | $36.51 | holding | — | — | — | Feb 21, 2022 | Feb 21, 2029 | Common Stock | 77,463 | 77,463 | D |
Explanation of responses
- F1Grant of shares under the SPX Corporation 2002 Stock Compensation Plan for achievement of performance for the 2016-2018 performance period.
- F2Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of restricted stock units previously granted under the SPX Corporation 2002 Stock Compensation Plan.
- F3Includes unvested restricted stock units.
- F4Vests as to 100% of the shares on the third anniversary of the grant date.
- F5Vests in three equal installments beginning on January 2, 2016.
- F6Vests in three equal installments beginning on March 2, 2017.
- F7Vests in three equal installments beginning on March 1, 2018.
- F8Vests in three equal installments beginning on February 22, 2019.
- F9Vests in three equal installments beginning on February 21, 2020.