HASBRO, INC. — Director's Dealing 2007

May 29, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HASBRO INC (HAS)
CIK: 0000046080
Period of Report: 2007-05-23

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-23	Common Stock (Par Value $.50/share)	M	20000	$20.57	Acquired	30865	Direct
2007-05-23	Common Stock (Par Value $.50/share)	S	18865	$32.5	Disposed	12000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-24	Option (Right to Buy)	$32.425	A	54724	Acquired	2014-05-23	Common Stock (54724)	Direct
2007-05-23	Option (Right to Buy)	$20.57	M	20000	Disposed	2012-05-18	Common Stock (20000)	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: 33 1/3% of the option becomes exercisable on May 24, 2008, May 24, 2009 and May 24, 2010.

F3: 33 1/3% of the option became exercisable on May 19, 2006 and May 19, 2007. The remaining 33 1/3% of the option becomes exercisable on May 19, 2008.