TEXTRON INC — Director's Dealing 2007

Aug 17, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 2007-08-15

Reporting Person: Bohlen Kenneth C (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-08-15	Common Stock	M	7000	—	Acquired	30392	Direct
2007-08-15	Common Stock	D	7000	$112.152	Disposed	23392	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-08-15	Phantom Stock	$0	M	7000	Disposed		Common Stock (7000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4479.913	Indirect

Footnotes

F1: Converts to the cash equivalent of Textron Common Stock on a 1-for-1 basis.

F2: The phantom stock vests in two annual installments, 7,000 shares on August 1, 2007 and 6,000 shares on August 1, 2008. The phantom stock is payable in cash only. Calculation of the per share price is based on an average of the closing price of Textron Common Stock on the first 10 trading days following the vesting date.