X0202 4 2005-07-01 0 0000216228 ITT INDUSTRIES INC ITT 0001330607 Minnich George E 4 WEST RED OAK LANE WHITE PLAINS NY 10604 0 1 0 0 SVP & CFO Common Stock 2005-07-01 4 A 0 10000 A 10000 D Employee Stock Option (right to buy) 98.84 2005-07-01 4 A 0 25000 0.00 A 2012-07-01 Common Stock 25000 25000 D 10,000 shares of restricted stock granted under the ITT Industries 2003 Equity Incentive Plan. the restricted stock vests in installments of 5000 shares after three years from the date of grant and 5000 shares after five years from the date of grant. 25,000 nonqualified stock options exercisable upon the earlier of a 25% closing share price price appreciation for ten consecutive days as reported by the NYSE or six years from the date of grant. Nevertheless, options may not be exercised prior to three years from the grant date and have a term of 7 years. Kathleen S. Stolar, Secretary, ITT Industries, Inc. under power of attorney granted by George E. Minnich 2005-07-05