BOEING CO — Director's Dealing 2006

Mar 23, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BOEING CO (BA)
CIK: 0000012927
Period of Report: 2006-03-21

Reporting Person: KOELLNER LAURETTE T (Pres., Connexion by Boeing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-21	Common	M	9183.18	—	Acquired	37624.99	Direct
2006-03-21	Common	F	3348.18	$78.260	Disposed	34276.81	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-03-21	2005 Performance Shares	$	M	9183.18	Disposed	2010-02-28	Common (9183.18)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	10.54	Indirect
Common	14249.18	Indirect
Common	41.00	Indirect
Common	85.33	Indirect

Footnotes

F1: Performance shares convert on 1 for 1 basis on vesting

F2: 2005 Performance Shares vest in the following installments when the average daily closing price of Boeing stock reaches, for a specified period, the following dollar levels: 15% at $74.49, 30% at $79.82, 45% at $85.14, 60% at $90.46, 75% at $95.78, 90% at $101.10, 100% at $106.42, 110% at $111.74, 120% at $117.06, and 125% at $119.72.