John William Swann III - 29 Nov 2021 Form 4 Insider Report for SPX CORP (SPXC)

Role
Pres., Heating and Location &
Signature
John Nurkin, Attorney in Fact for John William Swann, III
Issuer symbol
SPXC
Transactions as of
29 Nov 2021
Net transactions value
-$351,239
Form type
4
Filing time
01 Dec 2021, 15:16:58 UTC
Next filing
05 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPXC Common Stock Options Exercise $89,771 +7,263 +9.4% $12.36* 84,661 29 Nov 2021 Direct F1
transaction SPXC Common Stock Sale $441,009 -7,263 -8.6% $60.72 77,398 29 Nov 2021 Direct F1, F2, F3
holding SPXC Common Stock 3,522 29 Nov 2021 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 -7,263 -31% $0.000000 15,836 29 Nov 2021 Common Stock 7,263 $12.36 Direct F4
holding SPXC Employee stock option to purchase common stock 13,214 29 Nov 2021 Common Stock 13,214 $27.40 Direct F5
holding SPXC Employee stock option to purchase common stock 12,361 29 Nov 2021 Common Stock 12,361 $32.69 Direct F6
holding SPXC Employee stock option to purchase common stock 13,556 29 Nov 2021 Common Stock 13,556 $36.51 Direct F7
holding SPXC Employee stock option to purchase common stock 10,552 29 Nov 2021 Common Stock 10,552 $50.09 Direct F8
holding SPXC Employee stock option to purchase common stock 8,101 29 Nov 2021 Common Stock 8,101 $58.34 Direct F9
* 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 30, 2021.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices from $59.78 to $61.32, 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.
F4 Vests as to 100% of the shares on the third anniversary of the grant date.
F5 Vests in three equal installments beginning on March 1, 2018.
F6 Vests in three equal installments beginning on February 22, 2019.
F7 Vests 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.