HASBRO, INC. — Director's Dealing 2008

Aug 27, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HASBRO INC (HAS)
CIK: 0000046080
Period of Report: 2008-08-25

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-25	Common Stock (Par value $.50 per share)	M	155600	$11.16	Acquired	5961855	Direct
2008-08-25	Common Stock (Par value $.50 per share)	S	155600	$36.1191	Disposed	5806255	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-08-25	Option (Right to Buy)	$11.16	M	155600	Disposed	2012-12-29	Common Stock (155600)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock (Par value $.50 per share)	254892	Indirect
Common Stock (Par value $.50 per share)	154216	Indirect
Common Stock (Par value $.50 per share)	7380921	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: 33 1/3 of the options become exercisable on April 25, 2004, April 25, 2005 and April 25, 2006. Date of grant was December 30, 2002.