UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Araskog, Rand V.
12980 Brynwood Circle
Palm Beach Gardens, FL 33418
2. Issuer Name and Ticker or Trading Symbol
ITT Industries, Inc.
IIN
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
03/01/99
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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Common Stock |2/10/9|S | |200,000 |D |$38.25 |155,808 |D | |
|9 | | | | | | | | |
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Common Stock (RS) (1) | | | | | | |4,180 |D | |
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Common Stock (DRIP) (2) | | | | | | |128 |D | |
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Common Stock (3) |3/16/9|S | |19,839 |D |$35.75 |0 | | |
|8 | | | | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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None | | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
(1) Shares held under the ITT Industries, Inc. Restricted Stock Plan for
Non-Employee Directors.
(2) Shares held under the ITT Industries, Inc. Dividend Reinvestment Plan
reflecting accumulations through February 1, 1999.
(3) Shares previously held under the ITT Corporation Investment and Savings
Plan transferred in connection with the acquisition of
ITT Corporation by Starwood Resorts &
Hotels.
SIGNATURE OF REPORTING PERSON
RAND V. ARASKOG
DATE
3/1/99
