SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
CANNON CHARLES H JR

(Last) (First) (Middle)
C/O JOHN BEAN TECHNOLOGIES CORPORATION
200 EAST RANDOLPH DRIVE

(Street)
CHICAGO IL 60601

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
John Bean Technologies CORP [ JBT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman, CEO & President
3. Date of Earliest Transaction (Month/Day/Year)
08/01/2008
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/01/2008 A 164,760.87(1) A $0.00(1) 167,302.87(2) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Common Stock Options $2.96 08/01/2008 A 21,303(3) 01/02/2007 02/19/2014 Common Stock 21,303 $0.00(3) 21,303 D
Explanation of Responses:
1. Reflects shares of time-based restricted stock granted by the issuer in connection with the spin-off of the issuer by FMC Technologies, Inc. (the "Spin-Off"), which shares were granted in substitution of 38,670 shares of time-based restricted stock of FMC Technologies, Inc. ("FMC") held by Mr. Cannon prior to the Spin-Off. The substitution of time-based restricted stock was made in a manner that provides Mr. Cannon an economic value equal to the value of his FMC time-based restricted stock, determined based on the closing price of common stock of the issuer and FMC, respectively, as of the Spin-Off date. The time-based restricted stock will vest as of January 2, 2010.
2. Includes 2,542 shares of issuer common stock received as a pro rata dividend from FMC in connection with the Spin-Off.
3. Reflects common stock options granted by the issuer in connection with the Spin-Off, which options were granted in substitution of 5,000 common stock options of FMC held by Mr. Cannon prior to the Spin-Off. The substitution of common stock options was made in a manner that provides Mr. Cannon an economic value equal to the value of his FMC common stock options, determined based on the closing price of the common stock of the issuer and FMC, respectively, as of the Spin-Off date. Such options are fully exercisable.
/s/ James L. Marvin, under Power of Attorney 08/05/2008
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.