TEXTRON INC - Director's Dealing 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 2006-10-27

Reporting Person: HOWELL MARY L (Executive Vice President)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-10-27	Common	M	15412	$62.97	Acquired	42047	Direct
2006-10-27	Common	M	23779	$40.95	Acquired	65826	Direct
2006-10-27	Common	M	6600	$44.09	Acquired	72426	Direct
2006-10-27	Common	S	2200	$89.81	Disposed	70226	Direct
2006-10-27	Common	S	2800	$89.80	Disposed	67426	Direct
2006-10-27	Common	S	5000	$90.01	Disposed	62426	Direct
2006-10-27	Common	S	25412	$90.00	Disposed	37014	Direct
2006-10-27	Common	S	1400	$89.92	Disposed	35614	Direct
2006-10-27	Common	S	1000	$89.91	Disposed	34614	Direct
2006-10-27	Common	S	7979	$89.90	Disposed	26635	Direct
2006-10-30	Common	M	20132	$44.09	Acquired	46767	Direct
2006-10-30	Common	S	2900	$90.10	Disposed	43867	Direct
2006-10-30	Common	S	100	$90.18	Disposed	43767	Direct
2006-10-30	Common	S	5000	$90.00	Disposed	38767	Direct
2006-10-30	Common	S	1000	$89.97	Disposed	37767	Direct
2006-10-30	Common	S	1132	$89.95	Disposed	36635	Direct
2006-10-30	Common	S	5000	$89.85	Disposed	31635	Direct
2006-10-30	Common	S	3900	$89.65	Disposed	27735	Direct
2006-10-30	Common	S	900	$89.75	Disposed	26835	Direct
2006-10-30	Common	S	200	$89.76	Disposed	26635	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-10-27	Employee stock option (right to buy)	$62.97	M	15412	Acquired	2007-12-10	Common (15412)	Direct
2006-10-27	Employee stock option (right to buy)	$40.95	M	23779	Acquired	2012-01-14	Common (23779)	Direct
2006-10-27	Employee stock option (right to buy)	$44.09	M	6600	Acquired	2013-01-14	Common (6600)	Direct
2006-10-30	Employee stock option (right to buy)	$44.09	M	20132	Acquired	2013-01-14	Common (20132)	Direct

Security	Shares	Ownership
Common	4271.476	Indirect
Common	272	Indirect

F1: Vested in two equal annual installments beginning on December 11, 1998.

F2: Shares issued pursuant to the Textron 1994 Long Term Incentive Plan.

F3: Vested in two equal annual installments beginning on January 15, 2003.

F4: Shares issued pursuant to the Textron 1999 Long-Term Incentive Plan.

F5: Vested in two equal annual installments beginning on January 15, 2004.