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 *
Cerepak Brad M
   2. Issuer Name and Ticker or Trading Symbol
TRANE INC. [TT] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice President & Controller
(Last)
(First)
(Middle)
C/O TRANE INC., ONE CENTENNIAL AVENUE		 3. Date of Earliest Transaction (Month/Day/Year)
05/29/2008
(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 05/29/2008   M   21,000 A $ 24.78 30,377 D  
Common Stock, $.01 par value 05/29/2008   M   50,000 A $ 17.57 80,377 D  
Common Stock, $.01 par value 05/29/2008   S   5,820 D $ 46.41 74,557 D  
Common Stock, $.01 par value 05/29/2008   S   800 D $ 46.415 73,757 D  
Common Stock, $.01 par value 05/29/2008   S   10,710 D $ 46.42 63,047 D  
Common Stock, $.01 par value 05/29/2008   S   700 D $ 46.425 62,347 D  
Common Stock, $.01 par value 05/29/2009   S   12,000 D $ 46.43 50,347 D  
Common Stock, $.01 par value 05/29/2008   S   1,200 D $ 46.435 49,147 D  
Common Stock, $.01 par value 05/29/2008   S   300 D $ 46.44 48,847 D  
Common Stock, $.01 par value 05/29/2008   S   1,700 D $ 46.445 47,147 D  
Common Stock, $.01 par value 05/29/2008   S   400 D $ 46.449 46,747 D  
Common Stock, $.01 par value 05/29/2008   S   34,900 D $ 46.45 11,847 D  
Common Stock, $.01 par value 05/29/2008   S   1,300 D $ 46.455 10,547 D  
Common Stock, $.01 par value 05/29/2008   S   1,170 D $ 46.46 9,377 D  
Common Stock, $.01 par value               3,326.4714 I ESPP (1)
Common Stock, $.01 par value               3,177.379 I ESOP/Savings Plan/SSP (2)

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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
Stock Option (Right to Buy) $ 24.78 (3) 05/29/2008   M     21,000 02/04/2005(4) 02/04/2014 Common Stock, $.01 par value 21,000 $ 0 (5) 0 D  
Stock Option (Right to Buy) $ 17.57 (3) 05/29/2008   M     50,000 06/23/2004(6) 06/23/2013 Common Stock, $.01 par value 50,000 $ 0 (5) 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Cerepak Brad M
C/O TRANE INC.
ONE CENTENNIAL AVENUE
PISCATAWAY, NJ 08855		       Vice President & Controller  

Signatures

 /s/ Brad M. Cerepak (By M. Cresitello by Power of Attorney)   05/30/2008
**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) Represents shares purchased pursuant to the Company's Employee Stock Purchase Plan.
(2) Includes shares held in ESOP, Savings Plan and Supplemental Savings Plan.
(3) Stock option exercise price reflects an adjustment exempt pursuant to Rule 16a-9, pursuant to the terms of the 2002 Omnibus Incentive Plan to account for the dividend of shares of WABCO Holdings Inc. (effective July 31, 2007) to the company's shareholders in connection with the spinoff of the company's vehicle control systems business.
(4) Original grant of 21,000 options became exercisable in three equal installments beginning February 4, 2005.
(5) Issued in connection with employment.
(6) Original grant of 60,000 options became exercisable in three equal installments beginning June 23, 2004.

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