ITT (ITT) Form 4 ITT / Denise L Ramos ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Ramos Denise L

(Last) (First) (Middle)

C/O ITT CORP. 1133 WESTCHESTER AVENUE

(Street)

WHITE PLAINS NY 10604

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ITT Corp [ ITT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
CEO and President

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2016

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/09/2016		M		74,685	A	$20.28	289,103	D
Common Stock	03/09/2016		S		74,685	D	$35.7928(1)	214,418	D
Common Stock	03/10/2016		M		903	A	$20.28	215,321	D
Common Stock	03/10/2016		S		903	D	$35.7566(2)	214,418	D
Common Stock	03/11/2016		M		77,006	A	$20.28	291,424	D
Common Stock	03/11/2016		S		77,006	D	$36.0176(3)	214,418	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	$20.28	03/09/2016		M			74,685	(4)	11/07/2021	Common Stock	74,685	$0.00	227,909	D
Employee Stock Option (Right to Buy)	$20.28	03/10/2016		M			903	(4)	11/07/2021	Common Stock	903	$0.00	227,006	D
Employee Stock Option (Right to Buy)	$20.28	03/11/2016		M			77,006	(4)	11/07/2021	Common Stock	77,006	$0.00	150,000	D

Explanation of Responses:

1. This price represents the approximate weighted average price per share of sales of common stock of ITT Corporation (the "Issuer"), which were executed at prices ranging from $35.75 to $36.02 per share. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff (the "Staff"), the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each price.

2. This price represents the approximate weighted average price per share of sales of common stock of the Issuer, which were executed at prices ranging from $35.75 to $35.78 per share. The reporting person undertakes to provide, upon request by the Staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each price.

3. This price represents the approximate weighted average price per share of sales of common stock of the Issuer, which were executed at prices ranging from $35.75 to $36.2391 per share. The reporting person undertakes to provide, upon request by the Staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each price.

4. These options are fully vested and exercisable.

Remarks:

	/s/ Lori B. Marino, Secretary of ITT Corporation, by Power of Attorney for Denise L. Ramos	03/11/2016
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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