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: 2007-04-30

Reporting Person: HASSENFELD ALAN G (Director, 10% Owner, Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-30	Common Stock (Par value $.50 per share)	M	100000	$19.8229	Acquired	5900447	Direct
2007-04-30	Common Stock (Par value $.50 per share)	S	100000	$31.6776	Disposed	5800447	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-04-30	Option (Right to Buy)	$19.8229	M	100000	Disposed	2007-09-16	Common Stock (100000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock (Par value $.50 per share)	279892	Indirect
Common Stock (Par value $.50 per share)	154216	Indirect
Common Stock (Par value $.50 per share)	7690921	Indirect
Common Stock (Par value $.50 per share)	829347	Indirect

Footnotes

F1: Mr. Hassenfeld disclaims beneficial ownership of all of these shares except to the extent of his proportionate pecuniary interest therein.

F2: These options were granted pursuant to an employee stock option plan in compliance with Rule 16b-3 and have tandem tax withholding rights.

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 September 17, 1997.

F4: These shares were sold at prices ranging from $31.55 to $31.85, with a weighted average sale price of $31.677557 per share.