HASBRO, INC. — Director's Dealing 2007

May 9, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HASBRO INC (HAS)
CIK: 0000046080
Period of Report: 2007-05-07

Reporting Person: NAGLER BARRY (SVP and General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-07	Common Stock (par value $.50 per share)	M	50000	$15.2188	Acquired	80000	Direct
2007-05-07	Common Stock (par value $.50 per share)	M	44000	$11.59	Acquired	124000	Direct
2007-05-07	Common Stock (par value $.50 per share)	S	94000	$32.6575	Disposed	30000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-07	Option (Right to Buy)	$15.2188	M	50000	Disposed	2010-02-10	Common Stock (50000)	Direct
2007-05-07	Option (Right to Buy)	$11.59	M	44000	Disposed	2011-04-25	Common Stock (44000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock (par value $.50 per share)	12	Indirect

Footnotes

F1: These shares were sold at prices ranging from $32.65 to $32.70 with the weighted average sale price being $32.6575 per share.

F2: As custodian for the account of daughter Alyssa Nagler.

F3: These options were granted pursuant to an employee stock option plan in compliance with Rule 16b-3 and have tandem tax withholding rights.

F4: 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.