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TEXTRON INC Director's Dealing 2006

Oct 10, 2006

30438_dirs_2006-10-10_3fa03e31-7d6a-40e0-b244-df31b535770e.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 2006-09-27

Reporting Person: Bohlen Kenneth C (Executive Vice President)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 22237 Direct
Common Stock 4027.851 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Phanton Stock $0 Common Stock (13000) Direct
Phantom Stock $0 Common Stock (4667) Direct
Employee Stock Option - Right to Buy $45.5625 2010-12-13 Common Stock (7500) Direct
Employee Stock Option - Right to Buy $45.5625 2010-12-13 Common Stock (12500) Direct
Employee Stock Option - Right to Buy $40.95 2012-01-15 Common Stock (5000) Direct
Employee Stock Option - Right to Buy $56.43 2014-02-12 Common Stock (4410) Direct
Employee Stock Option - Right to Buy $56.43 2014-02-12 Common Stock (4409) Direct
Employee Stock Option - Right to Buy $56.43 2014-02-12 Common Stock (4999) Direct
Employee Stock Option - Right to Buy $76.575 2015-02-23 Common Stock (5189) Direct
Employee Stock Option - Right to Buy $76.575 2015-02-23 Common Stock (5623) Direct
Employee Stock Option - Right to Buy $76.575 2015-02-23 Common Stock (5623) Direct
Employee Stock Option - Right to Buy $87.95 2016-03-01 Common Stock (4500) Direct
Employee Stock Option - Right to Buy $87.95 2016-03-01 Common Stock (4500) Direct
Employee Stock Option - Right to Buy $87.95 2016-03-01 Common Stock (4500) Direct
Employee Stock Option - Right to Buy $73.0313 2009-12-15 Common Stock (7500) Direct
Employee Stock Option - Right to Buy $73.0313 2009-12-15 Common Stock (7500) Direct
Employee Stock Option - Right to Buy $70.375 2009-11-15 Common Stock (9290) Direct
Employee Stock Option - Right to Buy $70.375 2009-11-15 Common Stock (9290) Direct

Footnotes

F1: The phantom stock vests in two annual installments, 7,000 shares on August 1, 2007 and 6,000 shares on August 1, 2008. The phantom stock is payable in cash only. Calculation of the per share price is based on an average of the closing price of Textron Common Stock on the first ten trading days following the vesting date.

F2: Converts to the cash equivalent of Textron Common Stock on a 1-for-1 basis.

F3: The phantom stock vests in two annual installments, 2,333 shares on February 3, 2007 and 2,334 shares on February 3, 2008. The phantom stock is payable in cash only. Calculation of the per share price is based on an average of the closing price of Textron Common Stock on the first ten trading days following the vesting date.