X0202 4/A 2006-03-06 2006-03-08 0 0000216228 ITT INDUSTRIES INC ITT 0001340224 Gaffney Steven F 4 WEST RED OAK LANE WHITE PLAINS NY 10604 0 1 0 0 Vice President Common Stock 2006-03-06 4 A 0 4267 0.00 D 16267 D Employee Stock Option (Right to Buy) 52.68 2006-03-06 4 A 0 17071 0.00 A 2013-03-06 Common Stock 17071 17071 D All securities beneficially owned prior to February 21, 2006, the distribution date for the 2-for-1 common stock split, are adjusted and reflect the post split amount. The purpose of this amendment is to change the Amount of Securities Beneficially Owned Following Reported Transactions. The Amount of Securities Beneficially Owned Following Reported Transactions was mistakenly reported as "16,427" in the Original Form 4. Includes 16,267 shares of restricted stock of which 4,267 were awarded on March 6, 2006 under the ITT Industries, Inc. 2003 Equity Incentive Plan. The 4,267 shares awarded on March 6, 2006 are subject to a three-year restriction. The reporting person also owns 1633.9798 shares acquired under the ITT Industries Investment and Savings Plan reflecting accumulations through 2/28/06. These shares are held indirectly in a trust. Options awarded under the ITT Industries, Inc. 2003 Equity Incentive Plan. The options will become exercisable in one-third cumulative annual installments on the first, second and third anniversaries of the date of grant. /s/Kathleen S. Stolar, Secretary of ITT Industries, Inc. by power of attorney for Steven F. Gaffney 2006-03-09