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: CAMPBELL LEWIS B (Director, Chairman, President and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
1999-12-31	Phantom Stock	$	A	531.183	Acquired		Common Stock (531.183)	Direct
2000-12-31	Phantom Stock	$	A	744.593	Acquired		Common Stock (744.593)	Direct
2001-12-31	Phantom Stock	$	A	866.025	Acquired		Common Stock (866.025)	Direct
2002-12-31	Phantom Stock	$	A	934.547	Acquired		Common Stock (934.547)	Direct
2003-12-31	Phantom Stock	$	A	435.686	Acquired		Common Stock (435.686)	Direct
2004-12-31	Phantom Stock	$	A	509.232	Acquired		Common Stock (509.232)	Direct
2005-12-31	Phantom Stock	$	A	595.47	Acquired		Common Stock (595.47)	Direct
2006-12-31	Phantom Stock	$	A	494.612	Acquired		Common Stock (494.612)	Direct
2007-07-31	Phantom Stock	$	A	250.146	Acquired		Common Stock (250.146)	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: 511.248 shares between 1-1-02 and 7-31-02 at prices ranging from $40.07 to $50.71 per share; 85.421 shares on 8-31-02 @ $39.03/share; 91.719 shares on 9-30-02 @ $36.35/share; 88.576 shares on 10-31-02 @ $37.64/share; 78.466 shares on 11-30-02 @ $42.49/share; and 79.117 shares on 12-31-02 @ $42.14/share.

F8: Monthly contributions made during FY2003 as follows: 89.18 shares on 1-31-03 @ $42.05/share; 100.08 shares on 2-28-03 @ $37.47/share; 118.483 shares on 3-31-03 @ $31.65/share; and 127.943 shares on 4-30-03 @ 29.31/share.

F9: Monthly contributions made during FY2004 as follows: 34.062 shares on 1-31-04 @ $56.75/share; 31.228 shares on 2-29-04 @ $55.11/share; 32.054 shares on 3-31-04 @ $53.69/share; 31.497 shares on 4-30-04 @ $54.64/share; 31.959 shares on 5-31-04 @ $53.85/share; 29.930 shares on 6-30-04 @ $57.50/share; 43.919 shares on 7-31-04 @ $58.79/share; 54.668 shares on 8-31-04 @ $62.98/share; 54.556 shares on 9-30-04 @ $63.11/share; 52.533 shares on 10-31-04 @ $65.54/share; 48.235 shares on 11-30-04 @ $71.38/share; and 64.591 shares on 12-31-04 @ $73.40/share.

F10: Monthly contributions made during FY2005 as follows: 48.424 shares on 1-31-05 @ $70.69/share; 45.356 shares on 2-28-05 @ $75.47/share; 44.49 shares on 3-31-05 @ $76.94/share; 45.77 shares on 4-30-05 @ $74.79/share; 44.45 shares on 5-31-05 @ $77.01/share; 44.688 shares on 6-30-05 @ $76.60/share; 67.092 shares on 7-31-05 @ $76.53/share; 46.668 shares on 8-31-05 @ $73.35/share; 49.028 shares on 9-30-05 @ $69.82/share; 48.266 shares on 10-31-05 @ $70.92/share; 45.19 shares on 11-30-05 @ $75.75/share; and 66.048 shares on 12-31-05 @ $77.74/share.

F11: Monthly contributions made during FY2006 as follows: 43.078 shares on 1-31-06 @ $78.57/share; 39.884 shares on 2-28-06 @ $84.86/share; 37.072 shares on 3-31-06 @ $91.30/share; 36.862 shares on 4-30-06 @ $91.82/share; 36.18 shares on 5-31-06 @ $93.55/share; 57.594 shares on 6-30-06 @ $88.15/share; 37.532 shares on 7-31-06 @ $90.18/share; 38.576 shares on 8-31-06 @ $87.74/share; 40.39 shares on 9-30-06 @ $83.80/share; 37.582 shares on 10-31-06 @ $90.06/share; 36.444 shares on 11-30-06 @ $92.87/share; and 53.418 shares on 12-31-06 @ $95.04/share.

F12: Monthly contributions made between January and July 2007 as follows: 35.488 shares on 1-31-07 @ $94.83/share; 35.144 shares on 2-28-07 @ $95.76/share; 37.228 shares on 3-31-07 @ $90.40/share; 34.796 shares on 4-30-07 @ $96.72/share; 32.23 shares on 5-31-07 @ $104.42/share; 46.338 shares on 6-30-07 @ $108.94/share; and 28.922 shares on 7-31-07 @ $116.36/share.