TEXTRON INC — Director's Dealing 2006

Jun 7, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 2006-06-05

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-06-05	Common Stock	M	61822	$45.875	Acquired	243101.0876	Direct
2006-06-05	Common Stock	M	147558	$40.95	Acquired	390659.0876	Direct
2006-06-05	Common Stock	S	209380	$91.0422	Disposed	181279.0876	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-06-05	Employee Stock Option (right to buy)	$45.875	M	32000	Disposed	2006-12-11	Common Stock (32000)	Direct
2006-06-05	Employee Stock Option (right to buy)	$45.875	M	29822	Disposed	2006-12-11	Common Stock (29822)	Direct
2006-06-05	Employee Stock Option (right to buy)	$40.95	M	75000	Disposed	2012-01-14	Common Stock (75000)	Direct
2006-06-05	Employee Stock Option (right to buy)	$40.95	M	72558	Disposed	2012-01-14	Common Stock (72558)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8778.811	Indirect

Footnotes

F1: Includes 17,150.104 shares acquired pursuant to a dividend reinvestment feature of Reporting Person's Retention Award.

F2: Price reported is weighted average price per share of transaction effected at prices ranging from $90.06 to $92.89 per share.

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

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