HASBRO, INC. — Director's Dealing 2007

May 24, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: NAGLER BARRY (Sr.VP, GC and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-23	Common Stock (Par Value $.50/share)	M	52500	$16.335	Acquired	82500	Direct
2007-05-23	Common Stock (Par Value $.50/share)	M	45000	$17.9685	Acquired	127500	Direct
2007-05-23	Common Stock (Par Value $.50/share)	S	97500	$32.25	Disposed	30000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-23	Option (Right to Buy)	$16.335	M	52500	Disposed	2012-04-24	Common Stock (52500)	Direct
2007-05-23	Option (Right to Buy)	$17.9685	M	45000	Disposed	2012-04-24	Common Stock (45000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock (Par Value $.50/share)	12	Indirect

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, April 25, 2002.

F3: These options vested in cumulative installments of 20% on each of the first five anniversaries of the date of grant, which grant date was, April 25, 2002.