SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
VAN BUREN MARTIN

(Last) (First) (Middle)
13000 NORTH MERIDIAN STREET

(Street)
CARMEL IN 46032-1404

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
04/01/2008
3. Issuer Name and Ticker or Trading Symbol
ITT EDUCATIONAL SERVICES INC [ ESI ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP, Chief Information Officer
5. 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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 0 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy)(1) (2) 01/21/2014 Common Stock 5,000 51.2 D
Employee Stock Option (Right to Buy)(1) (3) 02/02/2012 Common Stock 7,000 49.74 D
Employee Stock Option (Right to Buy)(1) (4) 11/02/2012 Common Stock 7,620 55.6 D
Employee Stock Option (Right to Buy)(5) (6) 01/31/2014 Common Stock 8,330 77.6 D
Employee Stock Option (Right to Buy)(5) (7) 01/30/2015 Common Stock 7,754 88.38 D
Explanation of Responses:
1. Option awarded under the 1997 ITT Educational Services, Inc. Incentive Stock Plan, a Rule 16b-3 plan.
2. The option became exercisable in two installments: one-third on January 19, 2005; and two-thirds on October 24, 2005.
3. The option became exercisable on October 24, 2005.
4. The option became exercisable on November 2, 2005.
5. Option awarded under the 2006 ITT Educational Services, Inc. Equity Compensation Plan, a Rule 16b-3 plan.
6. The option becomes exercisable in three equal installments on January 31, 2008, 2009 and 2010.
7. The option becomes exercisable in three equal installments on January 30, 2009, 2010 and 2011.
Remarks:
Power of Attorney is attached hereto as exhibit 24.
Christine G. Long, Attorney-In-Fact for Martin Van Buren 04/01/2008
** 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 5 (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.