TRINITY INDUSTRIES INC — Director's Dealing 2003

Nov 25, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRINITY INDUSTRIES INC (NYSE/TRN)
CIK: 0000099780
Period of Report: 2003-11-24

Reporting Person: WALLACE W RAY (Advisory Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-14	Common Stock	J	430056	—	Disposed	0	Indirect
2003-11-14	Common Stock	J	25622	—	Disposed	0	Indirect
2003-11-14	Common Stock	J	186465	—	Acquired	205072	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	199583	Direct

Footnotes

F1: Pro rata distribution out of WRW Equities, Ltd, of which reporting person controls.

F2: Pro rata distribution out of Miramar, Ltd., a Limited Partnership which reporting person controls.

F3: Pro rata distribution from WRW Equities, Ltd. of 186,211 shares and pro rata distribution from Miramar, Ltd. of 254 shares to Phoebus Investments Limited, a Limited Partnership controlled by the reporting person and his wife.