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: 2001-12-31

Reporting Person: FRENCH TED R (Executive VP and CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2001-12-31	Phantom Stock	$	A	396.584	Acquired		Common Stock (396.584)	Direct
2002-12-31	Phantom Stock	$	A	428.634	Acquired		Common Stock (428.634)	Direct
2003-12-31	Phantom Stock	$	A	217.843	Acquired		Common Stock (217.843)	Direct
2004-12-31	Phantom Stock	$	A	253.046	Acquired		Common Stock (253.046)	Direct
2005-12-31	Phantom Stock	$	A	327.663	Acquired		Common Stock (327.663)	Direct
2006-12-31	Phantom Stock	$	A	269.791	Acquired		Common Stock (269.791)	Direct
2007-07-31	Phantom Stock	$	A	135.793	Acquired		Common Stock (135.793)	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 $34.98 to $57.77.

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: Monthly contributions made during FY2002 as follows: 223.729 shares between 1-1-02 and 7-31-02 at prices ranging from $40.07 to $50.71 per share; 37.382 shares on 8-31-02 @ $39.03/share; 40.138 shares on 9-30-02 @ $36.35/share; 38.762 shares on 10-31-02 @ $37.64/share; 44.128 shares on 11-30-02 @ $42.49/share; and 44.495 shares on 12-31-02 @ $42.14/share.

F6: Monthly contributions made during FY2003 as follows: 44.59 shares on 1-31-03 @ $42.05/share; 50.04 shares on 2-28-03 @ $37.47/share; 59.242 shares on 3-31-03 @ $31.65/share; and 63.971 shares on 4-30-03 at $29.31/share.

F7: Monthly contributions made during FY2004 as follows: 17.286 shares on 1-31-04 @ $56.75/share; 15.533 shares on 2-29-04 @ $55.11/share; 15.943 shares on 3-31-04 @ $53.69/share; 15.666 shares on 4-30-04 @ $54.64/share; 15.896 shares on 5-31-04 @ $53.85/share; 14.887 shares on 6-30-04 @ $57.50/share; 21.84 shares on 7-31-04 @ $58.79/share; 27.183 shares on 8-31-04 @ $62.98/share; 27.127 shares on 9-30-04 @ $63.11/share; 26.121 shares on 10-31-04 @ $65.54/share; 23.984 shares on 11-30-04 @ $71.38/share; and 31.58 shares on 12-31-04 @ $73.40/share.

F8: Monthly contributions made during FY2005 as follows: 23.935 shares on 1-31-05 @ $70.69/share; 27.518 shares on 2-28-05 @ $75.47/share; 24.494 shares on 3-31-05 @ $76.94/share; 25.198 shares on 4-30-05 @ $74.79/share; 24.472 shares on 5-31-05 @ $77.01/share; 24.604 shares on 6-30-05 @ $76.60/share; 36.939 shares on 7-31-05 @ $76.53/share; 25.694 shares on 8-31-05 @ $73.35/share; 26.992 shares on 9-30-05 @ $69.82/share; 26.574 shares on 10-31-05 @ $70.92/share; 24.88 shares on 11-30-05 @ $75.75/share; and 36.363 shares on 12-31-05 @ $77.74/share.

F9: Monthly contributions made during FY2006 as follows: 23.498 shares on 1-31-06 @ $78.57/share; 21.756 shares on 2-28-06 @ $84.86/share; 20.22 shares on 3-31-06 @ $91.30/share; 20.106 shares on 4-30-06 @ $91.82/share; 19.734 shares on 5-31-06 @ $93.55/share; 31.416 shares on 6-30-06 @ $88.15/share; 20.472 shares on 7-31-06 @ $90.18/share; 21.042 shares on 8-31-06 @ $87.74/share; 22.03 shares on 9-30-06 @ $83.80/share; 20.5 shares on 10-31-06 @ $90.06/share; 19.878 shares on 11-30-06 @ $92.87/share; and 29.139 shares on 12-31-06 @ $95.04/share.

F10: Monthly contributions made between January and July 2007 as follows: 19.266 shares on 1-31-07 @ $94.83/share; 19.078 shares on 2-28-07 @ $95.76/share; 20.21 shares on 3-31-07 @ $90.40/share; 18.888 shares on 4-30-07 @ $96.72/share; 17.496 shares on 5-31-07 @ $104.42/share; 25.155 shares on 6-30-07 @ $108.94/share; and 15.7 shares on 7-31-07 @ $116.36/share.