HASBRO, INC. — Director's Dealing 2007

Feb 1, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HASBRO INC (HAS)
CIK: 0000046080
Period of Report: 2007-01-31

Reporting Person: MALONE CLAUDINE B/CA (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-31	Common Stock (Par value $.50 per share)	M	11250	$14.245	Acquired	16469	Direct
2007-01-31	Common Stock (Par value $.50 per share)	G	11250	—	Disposed	5219	Direct
2007-01-31	Common Stock (Par value $.50 per share)	G	11250	—	Acquired	22500	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-01-31	Option (Right to Buy)	$14.245	M	11250	Disposed	2011-02-14	Common Stock (11250)	Direct

Footnotes

F1: The options were granted pursuant to the 1994 Stock Option Plan for Non-Employee Directors.

F2: 20% of the options became exercisable on the first anniversary of the date of grant and an additional 20% of these options became exercisable on each of February 15, 2003, February 15, 2004, February 15, 2005 and February 15, 2006.

F3: The shares were transferred by Ms. Malone to the Claudine B. Malone Family Trust.

F4: Ms. Malone disclaims beneficial ownership of these shares except to the extent of her proportionate pecuniary interest therein.