SEC Form 4 · accession 0001179110-19-002591
SPX Technologies, Inc. · SPXC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John William Swann III
Officer — Pres.-Weil McClain,MEP & Radio
Period of report
Feb 22, 2019
Accepted (ET)
Feb 26, 2019 · 4:17 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 StockF4 | Feb 22, 2019 | A | 5,296 | $36.51 | A | 83,477 | D | |
| Common StockF4 | Feb 22, 2019 | F | 6,891 | $36.51 | D | 76,586 | D | |
| Common StockF3,F4 | Feb 25, 2019 | S | 10,435 | $36.89 | D | 66,151 | D | |
| Common Stock | holding | — | — | — | 2,668 | 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 stockF5 | $12.36 | holding | — | — | — | Oct 13, 2018 | Oct 13, 2025 | Common Stock | 66,535 | 66,535 | D |
| Employee stock option to purchase common stockF6 | $12.85 | holding | — | — | — | Mar 2, 2019 | Mar 2, 2026 | Common Stock | 31,776 | 31,776 | D |
| Employee stock option to purchase common stockF7 | $27.40 | holding | — | — | — | Mar 1, 2020 | Mar 1, 2027 | Common Stock | 13,214 | 13,214 | D |
| Employee stock option to purchase common stockF8 | $32.69 | holding | — | — | — | Feb 22, 2021 | Feb 22, 2028 | Common Stock | 12,361 | 12,361 | D |
| Employee stock option to purchase common stockF9 | $36.51 | holding | — | — | — | Feb 21, 2022 | Feb 21, 2029 | Common Stock | 13,556 | 13,556 | 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.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.80 to $37.06, 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.
- F4Includes unvested restricted stock units.
- F5Vests as to 100% of the shares on the third anniversary of the grant date.
- 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.