TEXTRON INC — Director's Dealing 2005

Oct 25, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 2005-10-21

Reporting Person: CAMPBELL LEWIS B (Director, Chairman, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-10-21	Common Stock	M	77296	$36.9688	Acquired	273469.8396	Direct
2005-10-21	Common Stock	S	77296	$72.2207	Disposed	196173.8396	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-10-21	Employee Stock Option (right to buy)	$36.9688	M	38648	Disposed	2005-12-14	Common Stock (38648)	Direct
2005-10-21	Employee Stock Option (right to buy)	$36.9688	M	38648	Disposed	2005-12-14	Common Stock (36648)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8469.016	Indirect

Footnotes

F1: Includes 22,283.856 shares acquired pursuant to a dividend reinvestment feature of the Textron 1999 Long-Term Incentive Plan, as of September 30, 2005.

F2: Price reported is weighted average price per share of transaction effected at prices ranging from $72.20 to $72.50 per share.

F3: Issued pursuant to the Textron 1994 Long-Term Incentive Plan.