HASBRO, INC. — Director's Dealing 2006

Oct 27, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HASBRO INC (HAS)
CIK: 0000046080
Period of Report: 2006-10-25

Reporting Person: HARGREAVES DAVID D R (Sr. VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-10-25	Common Stock (Par value $.50 per share)	M	22500	$18.7222	Acquired	85884	Direct
2006-10-25	Common Stock (Par value $.50 per share)	M	60000	$11.59	Acquired	145884	Direct
2006-10-25	Common Stock (Par value $.50 per share)	S	82500	$25	Disposed	63384	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-10-25	Option (Right to Buy)	$18.7222	M	22500	Disposed	2007-02-18	Common Stock (22500)	Direct
2006-10-25	Option (Right to Buy) (1)	$11.59	M	60000	Disposed	2011-04-24	Common Stock (60000)	Direct

Footnotes

F1: These options were granted pursuant to an employee stock option plan in compliance with Rule 16b-3 and have tandem tax withholding rights.

F2: These options vested in cumulative installments of 33 1/3% on each of the first three anniversaries of the date of grant, which grant date was, February 19, 1997.

F3: These options vested in cumulative installments of 33 1/3% on each of the first three anniversaries of the date of grant, which grant date was, April 25, 2001.