TEXTRON INC - Director's Dealing 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 2006-02-17

Reporting Person: BUTLER JOHN D (Executive VP)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-17	Common Stock	M	30000	$67.50	Acquired	40280	Direct
2006-02-17	Common Stock	M	17000	$62.9688	Acquired	57280	Direct
2006-02-17	Common Stock	M	32806	$45.5625	Acquired	90086	Direct
2006-02-17	Common Stock	S	78325	$85.16	Disposed	11761	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-17	Employee stock option (right to buy)	$67.50	M	15000	Disposed	2007-06-30	Common Stock (15000)	Direct
2006-02-17	Employee stock option (right to buy)	$67.50	M	15000	Disposed	2007-06-30	Common Stock (15000)	Direct
2006-02-17	Employee stock option (right to buy)	$62.9688	M	8500	Disposed	2007-12-10	Common Stock (8500)	Direct
2006-02-17	Employee stock option (right to buy)	$62.9688	M	8500	Disposed	2007-12-10	Common Stock (8500)	Direct
2006-02-17	Employee stock option (right to buy)	$45.5625	M	17500	Disposed	2010-12-12	Common Stock (17500)	Direct
2006-02-17	Employee stock option (right to buy)	$45.5625	M	15306	Disposed	2010-12-12	Common Stock (15306)	Direct

Security	Shares	Ownership
Common Stock	2952.913	Indirect

F1: Price reported is weighted average price per share of transaction effected at prices ranging from $84.79 to $85.60.

F2: Issued pursuant to the Textron 1994 Long-Term Incentive Plan.

F3: Issued pursuant to the Textron 1999 Long-Term Incentive Plan.