U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Foley, Donald E.
ITT Industries, Inc.
4 West Red Oak Lane
White Plains, NY 10604
2. Date of Event Requiring Statement (Month/Day/Year)
May 21, 1996
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
ITT Industries, Inc.
IIN
5. Relationship of Reporting Person to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Vice President and Treasurer
6. If Amendment, Date of Original (Month/Day/Year)
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Table I -- Non-Derivative Securities Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
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Common Stock |None | | |
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Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship: | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
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Stock Option (Right to B|5/21/97 |5/23/06 |Common Stock |3,666 |$28.38 |D | |
uy) (1) | | | | | | | |
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Stock Option (Right to B|5/21/98 |5/23/06 |Common Stock |3,667 |$28.38 |D | |
uy) (1) | | | | | | | |
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Stock Option (Right to B|5/21/99 |5/23/06 |Common Stock |3,667 |$28.38 |D | |
uy) (1) | | | | | | | |
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Explanation of Responses:
(1) Options awarded under a Rule 16b-3 plan exercisable on the earlier of the
exercise date or after the closing NYSE trading price remains at or above
$35.48 for 10 or more consecutive
trading days, but not before November 21,
1996.
SIGNATURE OF REPORTING PERSON
DONALD E. FOLEY
