TEXTRON INC — Director's Dealing 2007

Dec 4, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 1999-12-31

Reporting Person: YATES RICHARD L (Senior VP and Controller)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
1999-12-31	Phantom Stock	$	A	48.556	Acquired		Common Stock (48.556)	Direct
2000-12-31	Phantom Stock	$	A	69.85	Acquired		Common Stock (69.85)	Direct
2001-12-31	Phantom Stock	$	A	126.06	Acquired		Common Stock (126.06)	Direct
2002-12-31	Phantom Stock	$	A	130.376	Acquired		Common Stock (130.376)	Direct
2003-12-31	Phantom Stock	$	A	57.167	Acquired		Common Stock (57.167)	Direct
2004-12-31	Phantom Stock	$	A	81.715	Acquired		Common Stock (81.715)	Direct
2005-12-31	Phantom Stock	$	A	114.505	Acquired		Common Stock (114.505)	Direct
2006-12-31	Phantom Stock	$	A	98.851	Acquired		Common Stock (98.851)	Direct
2007-07-31	Phantom Stock	$	A	52.189	Acquired		Common Stock (52.189)	Direct

Footnotes

F1: Each share of phantom stock is valued based upon the value of one (1) share of Textron Inc. Common Stock.

F2: Payable in cash upon the conclusion of Reporting Person's employment with Textron Inc.

F3: Price per share ranges from $72.40 to $92.24.

F4: Acquired pursuant to the Supplemental Savings Plan for Textron Key Executives; total includes phantom shares acquired in dividend reinvestment transactions not required to be reported.

F5: Price per share ranges from $45.26 to $66.49.

F6: Price per share ranges from $34.98 to $57.77.

F7: Monthly contributions made during FY2002 as follows: 69.433 shares between 1-1-02 and 7-31-02 at prices ranging from $40.07 to $50.71 per share; 12.298 shares on 8-31-02 @ $39.03/share; 13.205 shares on 9-30-02 @ $36.35/share; 12.752 shares on 10-31-02 @ $37.64/share; 11.297 shares on 11-30-02 @ $42.49/share; and 11.391 shares on 12-31-02 @ $42.14/share.

F8: Monthly contributions made during FY2003 as follows: 11.415 shares on 1-31-03 @ $42.05/share; 12.81 shares on 2-28-03 @ $37.47/share; 15.166 shares on 3-31-03 @ $31.65/share; and 17.776 shares on 4-30-03 at $29.31/share.

F9: Monthly contributions made during FY2004 as follows: 5.181 shares on 1-31-04 @ $56.75/share; 4.192 shares on 2-29-04 @ $55.11/share; 4.302 shares on 3-31-04 @ $53.69/share; 4.228 shares on 4-30-04 @ $54.64/share; 4.29 shares on 5-31-04 @ $53.85/share; 4.017 shares on 6-30-04 @ $57.50/share; 5.902 shares on 7-31-04 @ $58.79/share; 7.336 shares on 8-31-04 @ $62.98/share; 9.761 shares on 9-30-04 @ $63.11/share; 9.979 shares on 10-31-04 @ $65.54/share; 9.162 shares on 11-30-04 @ $71.38/share; and 13.365 shares on 12-31-04 @ $73.40/share.

F10: Monthly contributions made during FY2005 as follows: 8.978 shares on 1-31-05 @ $70.69/share; 8.408 shares on 2-28-05 @ $75.47/share; 8.248 shares on 3-31-05 @ $76.94/share; 8.896 shares on 4-30-05 @ $74.79/share; 8.64 shares on 5-31-05 @ $77.01/share; 8.686 shares on 6-30-05 @ $76.60/share; 13.041 shares on 7-31-05 @ $76.53/share; 9.072 shares on 8-31-05 @ $73.35/share; 9.53 shares on 9-30-05 @ $69.82/share; 9.382 shares on 10-31-05 @ $70.92/share; 8.784 shares on 11-30-05 @ $75.75/share; and 12.84 shares on 12-31-05 @ $77.74/share.

F11: Monthly contributions made during FY2006 as follows: 7.98 shares on 1-31-06 @ $78.57/share; 7.388 shares on 2-28-06 @ $84.86/share; 6.866 shares on 3-31-06 @ $91.30/share; 7.54 shares on 4-30-06 @ $91.82/share; 7.4 shares on 5-31-06 @ $93.55/share; 11.781 shares on 6-30-06 @ $88.15/share; 7.676 shares on 7-31-06 @ $90.18/share; 7.89 shares on 8-31-06 @ $87.74/share; 8.262 shares on 9-30-06 @ $83.80/share; 7.688 shares on 10-31-06 @ $90.06/share; 7.454 shares on 11-30-06 @ $92.87/share; and 10.926 shares on 12-31-06 @ $95.04/share.

F12: Monthly contributions made between January and July 2007 as follows: 7.098 shares on 1-31-07 @ $94.83/share; 7.028 shares on 2-28-07 @ $95.76/share; 7.446 shares on 3-31-07 @ $90.40/share; 3.778 shares on 4-30-07 @ $96.72/share; 10.497 shares on 5-31-07 @ $104.42/share; 10.062 shares on 6-30-07 @ $108.94/share; and 6.28 shares on 7-31-07 @ $116.36/share.