BOEING CO — Director's Dealing 2007

Feb 28, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BOEING CO (BA)
CIK: 0000012927
Period of Report: 2007-02-26

Reporting Person: BELL JAMES A (EVP & Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-26	Stock Option (Right to Buy)	$89.6450	A	52000	Acquired	2017-02-26	Common (52000.00)	Direct

Footnotes

F1: The options vest over a period of three years, with 34% vesting after the first year, on February 26, 2008, 33% vesting after the second year, on February 26, 2009, and 33% vesting after the third year, on February 26, 2010.