HASBRO, INC. — Director's Dealing 2007

Feb 20, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HASBRO INC (HAS)
CIK: 0000046080
Period of Report: 2007-02-15

Reporting Person: Gardner Simon (President of Hasbro Europe)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-15	Common Stock (Par value $.50 per share)	M	22500	$24.875	Acquired	33450	Direct
2007-02-15	Common Stock (Par value $.50 per share)	M	42500	$16.335	Acquired	75950	Direct
2007-02-15	Common Stock (Par value $.50 per share)	M	50000	$17.9685	Acquired	125950	Direct
2007-02-15	Common Stock (Par value $.50 per share)	S	115000	$29.1	Disposed	10950	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-15	Option (Right to Buy)	$24.875	M	22500	Disposed	2008-04-22	Common Stock (22500)	Direct
2007-02-15	Option (Right to Buy)	$16.335	M	42500	Disposed	2012-04-24	Common Stock (42500)	Direct
2007-02-15	Option (Right to Buy)	$17.9685	M	50000	Disposed	2012-04-24	Common Stock (50000)	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, April 23, 1998.

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, 2002.

F4: 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.