TRINITY INDUSTRIES INC — Director's Dealing 2003

Sep 20, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRINITY INDUSTRIES INC (NYSE/TRN)
CIK: 0000099780
Period of Report: 2003-09-19

Reporting Person: RICE S THEIS (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-19	Common Stock	M	8001	$18.95	Acquired	15801	Direct
2003-09-19	Common Stock	S	6530	$26.683	Disposed	9271	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-19	Employee Stock Option (right to buy)	$18.95	M	8001	Disposed	2011-04-02	Common Stock (8001)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock	726	Indirect

Footnotes

F1: Option Term is Ten Years. Options vest over 3 years at thirty-three and on-third percent (33 1/3%) per year beginning on the first anniversary of the grant date.