4 1 a2036886z4.txt FORM 4 -------- FORM 4 -------- STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 1. Name and Address of Reporting Person* ----------------- ------------------------------------------------------------------------------------------------------------- (Last) CHAMPAGNE ----------------- ------------------------------------------------------------------------------------------------------------- (First) RENE ----------------- ------------------------------------------------------------------------------------------------------------- (Middle) R. ----------------- ------------------------------------------------------------------------------------------------------------- (Street) 5975 Castle Creek Parkway, North Drive ----------------- ------------------------------------------------------------------------------------------------------------- (City) Indianapolis ----------------- ------------------------------------------------------------------------------------------------------------- (State) IN ----------------- ------------------------------------------------------------------------------------------------------------- (Zip) 46250 ----------------- ------------------------------------------------------------------------------------------------------------- 2. Issuer Name and Ticker or Trading Symbol ------------------------------------- ----------------------------------------------------------------------------------------- (Issuer Name) ITT Educational Services, Inc. ------------------------------------- ----------------------------------------------------------------------------------------- (Ticker or Trading Symbol) ESI ------------------------------------- ----------------------------------------------------------------------------------------- 3. I.R.S. or Social Security Number of Reporting Person (Voluntary) ---------------------- -------------------------------------------------------------------------------------------------------- (I.D. Number) ---------------------- -------------------------------------------------------------------------------------------------------- 4. Statement for Month/Year --------------- --------------------------------------------------------------------------------------------------------------- (Month) January --------------- --------------------------------------------------------------------------------------------------------------- (Year) 2001 --------------- --------------------------------------------------------------------------------------------------------------- 5. If Amendment, Date of Original (Month/Day/Year) -------------- ---------------------------------------------------------------------------------------------------------------- (Month) -------------- ---------------------------------------------------------------------------------------------------------------- (Day) -------------- ---------------------------------------------------------------------------------------------------------------- (Year) -------------- ---------------------------------------------------------------------------------------------------------------- 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) X ------- ------------------------------------- --------------------------------------------------------------------------------- /X/ (Director) ------- ------------------------------------- --------------------------------------------------------------------------------- /X/ (Officer, Include title) Chairman, President and Chief Executive Officer ------- ------------------------------------- --------------------------------------------------------------------------------- / / (10% Owner) ------- ------------------------------------- --------------------------------------------------------------------------------- / / (Other, specify) ------- ------------------------------------- --------------------------------------------------------------------------------- 7. Individual or Joint/Group Filing (Check Applicable Line) X ------- ----------------------------------------------------------------------------------------------------------------------- /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 2.Transac- 3. Transaction 4. Securities Acquired 5. Amount of 6. Owner- 7. Nature of (Instr.3) tion Date Code (Instr.8) (A) or Disposed of ( D) Securities ship Form: Indirect (Month/ (Instr. 3,4, and 5) Beneficially Direct (D) Beneficial Day/Year) -------------------------------------------- Owned at End or Indirect Ownership Code V Amount (A) or Price of Month (Instr. 4) (Instr. 4) (D) (Instr. 3 & 4) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 1/23/01 A V 4,894 A 41,256 shares D shares ------------------------------------ ----------- ------- -------- -------- --------- -------- -------------- ------------- --------- 4,601 shares I By 401(k) (1) Plan ------------------------------------ ----------- ------- -------- -------- --------- -------- -------------- ------------- --------- ------------------------------------ ----------- ------- -------- -------- --------- -------- -------------- ------------- --------- ------------------------------------ ----------- ------- -------- -------- --------- -------- -------------- ------------- --------- ------------------------------------ ----------- ------- -------- -------- --------- -------- -------------- ------------- --------- ------------------------------------ ----------- ------- -------- -------- --------- -------- -------------- ------------- --------- ------------------------------------ ----------- ------- -------- -------- --------- -------- -------------- ------------- ---------
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 Instructions 4(b) (v). Page 1 of 2 -------------------- FORM 4 (CONTINUED) --------------------
------------------------------------------------------------------------------------------------------------------- TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF OR BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) ------------------------------------------------------------------------------------------------------------------- ----------------- -------------- ---------------- ---------------- -------------------------------------- -------------------------- 1. Title of 2. Conversion 3. Transaction 4. Transaction 5. Number of Derivative Securities 6. Date Exercisable and Derivative or Exercise Date Code (Instr.8) Acquired (A) or Disposed of (D) Expiration Date Security Price of (Month/Day/ (Instr.3,4, and 5) (Month/Day/Year) (Instr.3) Derivative Year) Security ----------------- -------------- ---------------- -------- ------- ----------------------------- -------- --------------- ---------- Code V (A) (D) Date Expiration Exercisable Date ----------------- -------------- ---------------- -------- ------- ----------------------------- -------- ---------------- --------- Stock Option $19.438 1/23/01 A 22,500 1/23/02 1/25/11 (Right to Buy) (2) ----------------- -------------- ---------------- -------- ------- ----------------------------- -------- ---------------- --------- Stock Option $19.438 1/23/01 A 22,500 1/23/03 1/25/11 (Right to Buy) (2) ----------------- -------------- ---------------- -------- ------- ----------------------------- -------- ---------------- --------- Stock Option $19.438 1/23/01 A 22,500 1/23/04 1/25/11 (Right to Buy) (2) ----------------- -------------- ---------------- -------- ------- ----------------------------- -------- ---------------- --------- ----------------- -------------- ---------------- -------- ------- ----------------------------- -------- ---------------- --------- ----------------- -------------- ---------------- -------- ------- ----------------------------- -------- ---------------- --------- ----------------- -------------- ---------------- -------- ------- ----------------------------- -------- ---------------- --------- ----------------- -------------- ---------------- -------- ------- ----------------------------- -------- ---------------- --------- ----------------- -------------- ---------------- -------- ------- ----------------------------- -------- ---------------- --------- ----------------- -------------- ---------------- -------- ------- ----------------------------- -------- ---------------- --------- ----------------- -------------- ---------------- -------- ------- ----------------------------- -------- ---------------- --------- ----------------- -------------- ---------------- -------- ------- ----------------------------- -------- ---------------- ---------
------------------------------------------------------------------------------------------------------------------------------------ TABLE II CONTINUED - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF OR BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------ --------------- ----------------------- -------------------- ---------------------- 7. Title and Amount of Underlying Securities 8. Price of 9. Number of Derivative 10. Ownership Form 11. Nature of Indirect (Instr.3 and 4) Derivative Securities Beneficially Form of Derivative Beneficial Ownership ----------------------------------------------- Security Beneficially Owned at Security: Direct (Instr.4) Title Amount or (Instr.5) End of Month (Instr.4) (D) or Indirect Number of (I) (Instr.4) Shares --------------------------------- -------------- ---------------- ---------------------- -------------------- --------------------- Common Stock 22,500 --------------------------------- -------------- ---------------- ---------------------- -------------------- --------------------- Common Stock 22,500 --------------------------------- -------------- ---------------- ---------------------- -------------------- --------------------- Common Stock 22,500 67,500 D --------------------------------- -------------- ---------------- ---------------------- -------------------- --------------------- --------------------------------- -------------- ---------------- ---------------------- -------------------- --------------------- --------------------------------- -------------- ---------------- ---------------------- -------------------- --------------------- --------------------------------- -------------- ---------------- ---------------------- -------------------- --------------------- --------------------------------- -------------- ---------------- ---------------------- -------------------- --------------------- --------------------------------- -------------- ---------------- ---------------------- -------------------- --------------------- --------------------------------- -------------- ---------------- ---------------------- -------------------- --------------------- --------------------------------- -------------- ---------------- ---------------------- -------------------- --------------------- --------------------------------- -------------- ---------------- ---------------------- -------------------- ---------------------
Explanation of Responses: (1) From February 1, 2000 through January 15, 2001, the reporting person acquired 503 shares of ESI common stock under the ESI 401(k) plan. (2) Options awarded under the 1997 ITT Educational Services, Inc. Incentive Stock Plan, a Rule 16b-3 plan. /s/ Rene R. Champagne **Intentional misstatements or omissions of facts constitute Federal 2/1/01 Criminal Violations. SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a.). ---------------------------------- --------------- **Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, SEE Instructions 6 for procedure. Potential persons who are to respond to the collection of information Contained in this form are not required to respond unless the form displays a currently valid OMB Number. -------------------------------------------------------------------------------- To view the actual filing form and general Instructions go to: www.sec.gov/smbus/forms/form4.htm -------------------------------------------------------------------------------- Page 2 of 2