TRINITY INDUSTRIES INC — Director's Dealing 2003

Aug 21, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRINITY INDUSTRIES INC (NYSE/TRN)
CIK: 0000099780
Period of Report: 2003-08-20

Reporting Person: LEE JOHN M (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-20	Common Stock	F	2426	$25.67	Disposed	19243	Direct
2003-08-20	Common Stock	A	3287	$18.95	Acquired	22530	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-20	Stock Option (right to buy)	$18.95	M	3287	Disposed	2011-04-02	Common Stock (3287)	Direct

Footnotes

F1: Option term is 10 years. Options vest over 3 years at thirty-three and one third percent (33 1/3%) per year beginning on the first anniversary of the grant date.