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: HOWELL MARY L (EVP)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
1999-12-31	Phantom Stock	$	A	132.84	Acquired		Common Stock (132.84)	Direct
2000-12-31	Phantom Stock	$	A	212.64	Acquired		Common Stock (212.64)	Direct
2001-12-31	Phantom Stock	$	A	281.667	Acquired		Common Stock (281.667)	Direct
2002-12-31	Phantom Stock	$	A	280.308	Acquired		Common Stock (280.308)	Direct
2003-12-31	Phantom Stock	$	A	130.706	Acquired		Common Stock (130.706)	Direct
2004-12-31	Phantom Stock	$	A	150.603	Acquired		Common Stock (150.603)	Direct
2005-12-31	Phantom Stock	$	A	210.565	Acquired		Common Stock (210.565)	Direct
2006-12-31	Phantom Stock	$	A	171.43	Acquired		Common Stock (171.43)	Direct
2007-07-31	Phantom Stock	$	A	85.766	Acquired		Common Stock (85.766)	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: Price per share ranges from $45.26 to $66.49.

F5: 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.

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

F7: Monthly contributions made during FY2002 as follows: 153.345 shares between 1-1-02 and 7-31-02 at prices ranging from $40.07 to $50.71 per share; 25.621 shares on 8-31-02 @ $39.03/share; 27.51 shares on 9-30-02 @ $36.35/share; 26.567 shares on 10-31-02 @ $37.64/share; 23.535 shares on 11-30-02 @ $42.49/share; and 23.73 shares on 12-31-02 @ $42.14/share.

F8: Monthly contributions made during FY2003 as follows: 26.754 shares on 1-31-03 @ $42.05/share; 30.024 shares on 2-28-03 @ $37.47/share; 35.545 shares on 3-31-03 @ $31.65/share; and 38.383 shares on 4-30-03 @ $29.31/share.

F9: Monthly contributions made during FY2004 as follows: 10.573 shares on 1-31-04 @ $56.75/share; 9.254 shares on 2-29-04 @ $55.11/share; 9.499 shares on 3-31-04 @ $53.69/share; 9.334 shares on 4-30-04 @ $54.64/share; 9.471 shares on 5-31-04 @ $53.85/share; 8.87 shares on 6-30-04 @ $57.50/share; 13.012 shares on 7-31-04 @ $58.79/share; 16.196 shares on 8-31-04 @ $62.98/share; 16.162 shares on 9-30-04 @ $63.11/share; 15.563 shares on 10-31-04 @ $65.54/share; 14.29 shares on 11-30-04 @ $71.38/share; and 18.379 shares on 12-31-04 @ $73.40/share.

F10: Monthly contributions made during FY2005 as follows: 14.146 shares on 1-31-05 @ $70.69/share; 18.856 shares on 2-28-05 @ $75.47/share; 15.746 shares on 3-31-05 @ $76.94/share; 16.2 shares on 4-30-05 @ $74.79/share; 15.732 shares on 5-31-05 @ $77.01/share; 15.816 shares on 6-30-05 @ $76.60/share; 23.745 shares on 7-31-05 @ $76.53/share; 16.518 shares on 8-31-05 @ $73.35/share; 17.352 shares on 9-30-05 @ $69.82/share; 17.084 shares on 10-31-05 @ $70.92/share; 15.994 shares on 11-30-05 @ $75.75/share; and 23.376 shares on 12-31-05 @ $77.74/share.

F11: Monthly contributions made during FY2006 as follows: 14.93 shares on 1-31-06 @ $78.57/share; 13.824 shares on 2-28-06 @ $84.86/share; 12.848 shares on 3-31-06 @ $91.30/share; 12.776 shares on 4-30-06 @ $91.82/share; 12.54 shares on 5-31-06 @ $93.55/share; 19.962 shares on 6-30-06 @ $88.15/share; 13.008 shares on 7-31-06 @ $90.18/share; 13.370 shares on 8-31-06 @ $87.74/share; 13.998 shares on 9-30-06 @ $83.80/share; 13.026 shares on 10-31-06 @ $90.06/share; 12.632 shares on 11-30-06 @ $92.87/share; and 18.516 shares on 12-31-06 @ $95.04/share.

F12: Monthly contributions made between January and July 2007 as follows: 12.168 shares on 1-31-07 @ $94.83/share; 12.05 shares on 2-28-07 @ $95.76/share; 12.764 shares on 3-31-07 @ $90.40/share; 11.93 shares on 4-30-07 @ $96.72/share; 11.05 shares on 5-31-07 @ $104.42/share; 15.888 shares on 6-30-07 @ $108.94/share; and 9.916 shares on 7-31-07 @ $116.36/share.