TRINITY INDUSTRIES INC — Director's Dealing 2005

Nov 15, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRINITY INDUSTRIES INC (NYSE/TRN)
CIK: 0000099780
Period of Report: 2005-11-14

Reporting Person: MICHEL CHARLES (Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-11-14	Common Stock	M	18001	$26.82	Acquired	43624	Direct
2005-11-14	Common Stock	M	3332	$21.71	Acquired	46956	Direct
2005-11-14	Common Stock	M	1627	$17.00	Acquired	48583	Direct
2005-11-14	Common Stock	M	1000	$28.41	Acquired	49583	Direct
2005-11-14	Common Stock	S	19900	$40.407	Disposed	29683	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-11-14	Employee Stock Option (right to buy)	$26.82	M	18001	Disposed	2011-12-12	Common Stock (18001)	Direct
2005-11-14	Employee Stock Option (right to buy)	$21.71	M	3332	Disposed	2012-05-09	Common Stock (3332)	Direct
2005-11-14	Employee Stock Option (right to buy)	$17.00	M	1627	Disposed	2013-05-29	Common Stock (6967)	Direct
2005-11-14	Employee Stock Option (right to buy)	$28.41	M	1000	Disposed	2014-05-10	Common Stock (5000)	Direct

Footnotes

F1: Option Term is Ten Years. Options vest over 5 years at twenty percent (20%) per year beginning on the first anniversary of the grant date.

F2: Option Term is Ten Years. Options vest over 3 years at thirty-three & one-third percent (33 1/3%) per year beginning on the first anniversary of the grant date.