HASBRO, INC. — Director's Dealing 2007

Oct 26, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HASBRO INC (HAS)
CIK: 0000046080
Period of Report: 2007-10-24

Reporting Person: BIFULCO FRANK P JR (Pres., North American Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-10-24	Common Stock (Par Value $.50/share)	M	26928	$18.815	Acquired	38928	Direct
2007-10-24	Common Stock (Par Value $.50/share)	S	26928	$29	Disposed	12000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-10-24	Option (Right to Buy)	$18.815	M	26928	Acquired	2013-07-26	Common Stock (26928)	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, July 27, 2006.