X0306 4 2016-03-18 0 0000922475 ITT EDUCATIONAL SERVICES INC ESI 0001174303 MODANY KEVIN M C/O ITT EDUCATIONAL SERVICES INC 13000 NORTH MERIDIAN STREET CARMEL IN 46032-1404 0 1 0 0 Chief Executive Officer Common Stock 2016-03-18 4 A 0 42188 0 A 132384 D Common Stock 225 I By Company 401(k) Plan Employee Stock Option (Right to Buy) 3.57 2016-03-18 4 A 0 62500 0 A 2023-03-18 Common Stock 62500 62500 D Restricted stock units awarded under the ITT Educational Services, Inc. Amended and Restated 2006 Equity Compensation Plan (the "2006 Plan"), a Rule 16b-3 plan. The award will settle in three equal installments on March 18, 2017, 2018 and 2019, in the form of one share of the Company's common stock for each restricted stock unit being settled. Option awarded under the 2006 Plan. The option vests in three equal installments on March 18, 2017, 2018 and 2019. /s/ Ryan L. Roney, Attorney-In-Fact for Kevin M. Modany 2016-03-21