HASBRO, INC. — Director's Dealing 2007

Feb 27, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HASBRO INC (HAS)
CIK: 0000046080
Period of Report: 2007-02-23

Reporting Person: SLATER DEBORAH THOMAS (Sr. VP and Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-23	Common Stock (Par value $.50 per share)	M	15000	$15.2188	Acquired	18277.3165	Direct
2007-02-23	Common Stock (Par value $.50 per share)	M	8500	$11.59	Acquired	26777.3165	Direct
2007-02-23	Common Stock (Par value $.50 per share)	S	18400	$29.3182	Disposed	8377.3165	Direct
2007-02-23	Common Stock (Par value $.50 per share)	S	100	$29.32	Disposed	8277.3165	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-23	Option (Right to Buy)	$15.2188	M	15000	Disposed	2010-02-09	Common Stock (15000)	Direct
2007-02-23	Option (Right to Buy)	$11.59	M	8500	Disposed	2011-04-24	Common Stock (8500)	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 February 10, 2000.

F3: 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.

F4: Includes an aggregate 4.31649 shares acquired on November 15, 2006 and February 15, 2007 pursuant to a dividend reinvestment plan.