BOEING CO — Director's Dealing 2007

Apr 24, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BOEING CO (BA)
CIK: 0000012927
Period of Report: 2007-04-19

Reporting Person: Hill Shephard W (SVP, Business Dev. & Strategy)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-19	Common	M	2273.39	—	Acquired	10558.65	Direct
2007-04-19	Common	F	732.39	—	Disposed	9826.26	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-04-19	2005 Performance Shares	$	M	2273.39	Disposed	2010-02-28	Common (2273.39)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	4125.11	Indirect
Common	7992.16	Indirect

Footnotes

F1: Performance shares convert into common stock on a 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.

F3: Includes adjustments for dividends accrued.