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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 U3yuWjMD1+/0SSYN4FqnpgxpKpifPjBNSXzFZdYN0C3skY3K4xZBqQ0uBXgjt03g
 lXQAI3E8mcSpGwbM8l8EfA==

<SEC-DOCUMENT>0000216228-02-000032.txt : 20020514
<SEC-HEADER>0000216228-02-000032.hdr.sgml : 20020514
ACCESSION NUMBER:		0000216228-02-000032
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20020514
FILED AS OF DATE:		20020514
<REPORTING-OWNER>

COMPANY DATA:	
	COMPANY CONFORMED NAME:			TAMBAKERAS MARKOS I
	CENTRAL INDEX KEY:			0001012990
	STANDARD INDUSTRIAL CLASSIFICATION:	AUTO CONTROLS FOR REGULATING RESIDENTIAL & COMML ENVIRONMENT [3822]
<RELATIONSHIP>DIRECTOR
	STATE OF INCORPORATION:			DE
	FISCAL YEAR END:			1231

FILING VALUES:
	FORM TYPE:		4

BUSINESS ADDRESS:	
	STREET 1:		HONEYWELL PLZ
	STREET 2:		P O BOX 524
	CITY:			MINNEAPOLIS
	STATE:			MN
	ZIP:			55408
	BUSINESS PHONE:		6129511000

MAIL ADDRESS:	
	STREET 1:		ITT INDUSTRIES INC
	STREET 2:		4 WEST RED OAK LANE
	CITY:			WHITE PLAINS
	STATE:			NY
	ZIP:			10604
</REPORTING-OWNER>

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ITT INDUSTRIES INC
		CENTRAL INDEX KEY:			0000216228
		STANDARD INDUSTRIAL CLASSIFICATION:	MISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT [3590]
		IRS NUMBER:				135158950
		STATE OF INCORPORATION:			IN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05627
		FILM NUMBER:		02645023

	BUSINESS ADDRESS:	
		STREET 1:		FOUR W RED OAK LANE
		CITY:			WHITE PLAINS
		STATE:			NY
		ZIP:			10604
		BUSINESS PHONE:		9146412058

	MAIL ADDRESS:	
		STREET 1:		FOUR W RED OAK LANE
		CITY:			WHITE PLAINS
		STATE:			NY
		ZIP:			10604

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ITT CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTERNATIONAL TELEPHONE & TELEGRAPH CORP
		DATE OF NAME CHANGE:	19840321
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.txt
<DESCRIPTION>FORM 4 - 5/14/02
<TEXT>
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
   Tambakeras, Markos I.
   Kennametal, Inc.
   1600 Technology Way
   Latrobe, PA  15650
2. Issuer Name and Ticker or Trading Symbol
   ITT Industries, Inc.
   ITT
3. IRS or Social Security Number of Reporting Person (Voluntary)

4. Statement for Month/Year
   5/14/02
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
<TABLE>
<CAPTION>
___________________________________________________________________________________________________________________________________
 Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned                                                 |
___________________________________________________________________________________________________________________________________|
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)|                           |
___________________________________________________________________________________________________________________________________|
<S>                        <C>    <C>  <C><C>               <C> <C>         <C>                 <C>    <C>
Common Stock  (RS)  (1)    |5/7/02|A   |V|721               |A  |$69.32     |1,632              |D     |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
 Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned                                                   |
___________________________________________________________________________________________________________________________________|
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)|            |
___________________________________________________________________________________________________________________________________|
<S>                   <C>      <C>   <C>  <C><C>        <C> <C>   <C>   <C>          <C>     <C>     <C>          <C> <C>
Stock Option (Right to|$69.11  |5/7/0|A   |V|1,780      |A  |(2)  |5/9/1|Common Stock|1,780  |       |1,780       |D  |            |
 Buy)  (2)            |        |2    |    | |           |   |     |2    |            |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
                      |        |     |    | |           |   |     |     |            |       |       |            |   |            |
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
(1)  Shares granted in lieu of annual retainer pursuant to the ITT Industries
1996 Restricted Stock Plan for
Non-Employee
Directors.
(2)  Options awarded pursuant to the 2002 ITT Industries Stock Option Plan for
Non-Employee Directors
exercisable the earlier of 1/3 each on May 7, 2003, May 7, 2004, and May 7,
2005, or after
        the NYSE closing price remains at least $86.39 for ten consecutive
trading days.
SIGNATURE OF REPORTING PERSON
MARKOS I. TAMBAKERAS
DATE
5/14/02

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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