HASBRO, INC. — Director's Dealing 2008

May 8, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HASBRO INC (HAS)
CIK: 0000046080
Period of Report: 2008-05-06

Reporting Person: NAGLER BARRY (Sr VP, GC and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-06	Common Stock (Par value $.50 per share)	M	200	$20.57	Acquired	35200	Direct
2008-05-06	Common Stock (Par value $.50 per share)	S	200	$36	Disposed	35000	Direct
2008-05-07	Common Stock (Par value $.50 per share)	M	27800	$20.57	Acquired	62800	Direct
2008-05-07	Common Stock (Par value $.50 per share)	M	26900	$18.815	Acquired	89700	Direct
2008-05-07	Common Stock (Par value $.50 per share)	S	54700	$35.95	Disposed	35000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-06	Option (Right to Buy)	$20.57	M	200	Disposed	2012-05-18	Common Stock (200)	Direct
2008-05-07	Option (Right to Buy)	$20.57	M	27800	Disposed	2012-05-18	Common Stock (27800)	Direct
2008-05-07	Option (Right to Buy)	$18.815	M	26900	Disposed	2013-07-26	Common Stock (26900)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock (Par value $.50 per share)	12	Indirect

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: 33 1/3 of the options become exercisable on the first anniversary of the date of grant and an additional 33 1/3 of the options become exercisable on each anniversary of the date of grant thereafter.