HASBRO, INC. — Director's Dealing 2007

May 2, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HASBRO INC (HAS)
CIK: 0000046080
Period of Report: 2007-05-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-01	Common Stock (Par value $.50 per share)	M	83333	$20.4325	Acquired	94198	Direct
2007-05-01	Common Stock (Par value $.50 per share)	S	83333	$32	Disposed	10865	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-01	Option (Right to Buy)	$20.4325	M	83333	Disposed	2011-05-19	Common Stock (83333)	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, May 20, 2004.