X0304 4 2012-01-17 0 0000922475 ITT EDUCATIONAL SERVICES INC ESI 0001275957 FEICHTNER EUGENE W C/O ITT EDUCATIONAL SERVICES INC 13000 NORTH MERIDIAN STREET CARMEL IN 46032-1404 0 1 0 0 EVP & Pres ITT Tech Inst Div Common Stock 2012-01-17 4 M 0 13700 49.74 A 18027 D Common Stock 2012-01-17 4 S 0 13700 65.0708 D 4327 D Common Stock 7946 I By Company 401(k) Plan Employee Stock Option (Right to Buy) 49.74 2012-01-17 4 M 0 13700 0 D 2012-02-02 Common Stock 13700 0 D The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 8, 2011. Represents a portion of the 14,800 shares subject to a stock option (right to buy) with an effective grant date of February 2, 2005. This transaction was executed in multiple trades at prices ranging from $65.00 to $65.80. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide the request to the Securities and Exchange Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price. The stock option vested in one installment on October 24, 2005. Christine G. Long, Attorney-In-Fact for Eugene W. Feichtner 2012-01-18