Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
MARSHALL RUTH ANN
  2. Issuer Name and Ticker or Trading Symbol
TRANE INC. [TT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O TRANE INC., ONE CENTENNIAL AVENUE
3. Date of Earliest Transaction (Month/Day/Year)
06/05/2008
(Street)

PISCATAWAY, NJ 08855
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $.01 par value 06/05/2008   D   3,000 D (1) 0 D  
Common Stock, $.01 par value 06/05/2008   D   3,000 D (1) 0 D  
Common Stock, $.01 par value 06/05/2008   D   8,247.302 D (1) 0 I DCP (2)
Common Stock, $.01 par value 06/05/2008   D   7,596.723 D (1) 0 I By Trust (3)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Buy Stock Option (Right to Buy) $ 24.78 06/05/2008   D     10,800 06/05/2008(4) 02/04/2014 Common Stock, $.01 par value 10,800 (5) 0 D  
Buy Stock Option (Right to Buy) $ 30.66 06/05/2008   D     10,500 06/05/2008(4) 02/02/2015 Common Stock, $.01 par value 10,500 (6) 0 D  
Buy Stock Option (Right to Buy) $ 26.08 06/05/2008   D     10,500 06/05/2008(4) 02/01/2016 Common Stock, $.01 par value 10,500 (7) 0 D  
Buy Stock Option (Right to Buy) $ 37.25 06/05/2008   D     10,500 06/05/2008(4) 02/05/2017 Common Stock, $.01 par value 10,500 (8) 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MARSHALL RUTH ANN
C/O TRANE INC.
ONE CENTENNIAL AVENUE
PISCATAWAY, NJ 08855
  X      

Signatures

 /s/ Ruth Ann Marshall(By M. Cresitello by Power of Attorney)   06/09/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Disposed of pursuant to the merger agreement between issuer and Indian Merger Sub, Inc. (a wholly owned subsidiary of Ingersoll-Rand Company Limited) in exchange for Ingersoll Rand Class A common shares at an exchange ratio of 0.23 per share plus $36.50 per share in cash.
(2) Represents shares held under the Company's Deferred Compensation Plan.
(3) Represents shares of stock awarded pursuant to Director's Compensation Plan and held in a rabbi trust as to which Director exercises voting rights but not right to dispose until directorship terminates.
(4) Pursuant to the terms of the merger agreement, all options, whether or not exercisable or vested at the Effective Time of the merger, became, as of the effective time of the merger, fully vested and exercisable.
(5) In the merger, this option was converted into 10,368 options to acquire Class A common shares of Ingersoll Rand with an exercise price per option equal to $21.22.
(6) In the merger, this option was converted into 10,080 options to acquire Class A common shares of Ingersoll Rand with an exercise price per option equal to $27.35.
(7) In the merger, this option was converted into 10,080 options to acquire Class A common shares of Ingersoll Rand with an exercise price per option equal to $22.57.
(8) In the merger, this option was converted into 10,080 options to acquire Class A common shares of Ingersoll Rand with an exercise price per option equal to $34.21.

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