HASBRO, INC. — Director's Dealing 2007

Feb 15, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HASBRO INC (HAS)
CIK: 0000046080
Period of Report: 2007-02-13

Reporting Person: VERRECCHIA ALFRED J (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-13	Common Stock (Par value $.50 per share)	M	56250	$18.7222	Acquired	315601	Direct
2007-02-13	Common Stock (Par value $.50 per share)	M	157500	$19.8229	Acquired	473101	Direct
2007-02-13	Common Stock (Par value $.50 per share)	S	213750	$28.4244	Disposed	259351	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-13	Option (Right to Buy)	$18.7222	M	56250	Disposed	2007-02-18	Common Stock (56250)	Direct
2007-02-13	Option (Right to Buy)	$19.8229	M	157500	Disposed	2007-09-16	Common Stock (157500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock (Par value $.50 per share)	151875	Indirect

Footnotes

F1: Mr. Verrecchia disclaims beneficial ownership of these shares held by his wife.

F2: These shares were sold at prices ranging from $28.30 to $28.60, with the weighted average sale price being $28.4244 per share.

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 February 19, 1997.

F5: 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.