John William Swann III - Jun 24, 2022 Form 4 Insider Report for SPX CORP (SPXC)

Signature
John Nurkin, Attorney in Fact for John William Swann, III
Stock symbol
SPXC
Transactions as of
Jun 24, 2022
Transactions value $
-$390,142
Form type
4
Date filed
6/28/2022, 04:15 PM
Previous filing
Mar 3, 2022
Next filing
Jul 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPXC Common Stock Options Exercise $37.8K +3.06K +3.67% $12.36* 86.5K Jun 24, 2022 Direct F1
transaction SPXC Common Stock Options Exercise $256K +9.36K +10.82% $27.40 95.9K Jun 24, 2022 Direct F1
transaction SPXC Common Stock Sale -$684K -12.4K -12.95% $55.10 83.5K Jun 24, 2022 Direct F1, F2, F3
holding SPXC Common Stock 3.85K Jun 24, 2022 401(k) Plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SPXC Employee stock option to purchase common stock Options Exercise $0 -3.06K -35.72% $0.00 5.51K Jun 24, 2022 Common Stock 3.06K $12.36 Direct F4
transaction SPXC Employee stock option to purchase common stock Options Exercise $0 -9.36K -70.83% $0.00 3.85K Jun 24, 2022 Common Stock 9.36K $27.40 Direct F5
holding SPXC Employee stock option to purchase common stock 12.4K Jun 24, 2022 Common Stock 12.4K $32.69 Direct F6
holding SPXC Employee stock option to purchase common stock 13.6K Jun 24, 2022 Common Stock 13.6K $36.51 Direct F7
holding SPXC Employee stock option to purchase common stock 10.6K Jun 24, 2022 Common Stock 10.6K $50.09 Direct F8
holding SPXC Employee stock option to purchase common stock 8.1K Jun 24, 2022 Common Stock 8.1K $58.34 Direct F9
holding SPXC Employee stock option to purchase common stock 8.64K Jun 24, 2022 Common Stock 8.64K $48.97 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes unvested restricted stock units.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2021.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices from $55.00 to $55.21, inclusive. The reporting person undertakes to provide to 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.
F4 Vested as to 100% of the shares on the third anniversary of the grant date.
F5 Vested in three equal installments beginning on March 1, 2018.
F6 Vested in three equal installments beginning on February 22, 2019.
F7 Vested in three equal installments beginning on February 21, 2020.
F8 Vests in three equal installments beginning on February 20, 2021.
F9 Vests in three equal installments beginning on March 1, 2022.
F10 Vests in three equal installments beginning on March 1, 2023.