TEXTRON INC — Director's Dealing 2006

Aug 17, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 2006-08-16

Reporting Person: BUTLER JOHN D (Executive VP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-16	Common Stock	M	26732	$44.085	Acquired	43786	Direct
2006-08-16	Common Stock	S	26732	$90.00	Disposed	17054	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-08-16	Employee stock option (right to buy)	$44.085	M	14500	Disposed	2013-01-14	Common Stock (14500)	Direct
2006-08-16	Employee stock option (right to buy)	$44.085	M	12232	Disposed	2013-01-14	Common Stock (12232)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3162.041	Indirect

Footnotes

F1: Issued pursuant to the Textron 1999 Long-Term Incentive Plan.