TEXTRON INC - Director's Dealing 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 2006-02-27

Reporting Person: ODONNELL TERRENCE (EVP and General Counsel)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-27	Common Stock	M	1908	$52.4063	Acquired	12188	Direct
2006-02-27	Common Stock	M	35000	$45.5623	Acquired	47188	Direct
2006-02-27	Common Stock	M	2442	$40.95	Acquired	49630	Direct
2006-02-27	Common Stock	M	2268	$44.085	Acquired	51898	Direct
2006-02-27	Common Stock	S	35000	$88.8265	Disposed	16898	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-27	Employee stock option - right to buy	$52.4063	M	1908	Disposed	2010-03-09	Common Stock (1908)	Direct
2006-02-27	Employee stock option - right to buy	$45.5625	M	17500	Disposed	2010-12-12	Common Stock (17500)	Direct
2006-02-27	Employee stock option - right to buy	$45.5625	M	17500	Disposed	2010-12-12	Common Stock (17500)	Direct
2006-02-27	Employee stock option - right to buy	$40.95	M	2442	Disposed	2012-01-14	Common Stock (2442)	Direct
2006-02-27	Employee stock option - right to buy	$44.085	M	2268	Disposed	2013-01-14	Common Stock (2268)	Direct

Security	Shares	Ownership
Common Stock	2874.833	Indirect

F1: Price reported is weighted average price per share of transaction effected at prices ranging from $88.55 to $89.05.

F2: Issued pursuant to the Textron 1999 Long-Term Incentive Plan.