TEXTRON INC — Director's Dealing 2007

Jul 24, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 2007-07-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-20	Common Stock	M	43000	$62.9688	Acquired	212327.1456	Direct
2007-07-20	Common Stock	S	100	$122.95	Disposed	212227.1456	Direct
2007-07-20	Common Stock	S	100	$122.94	Disposed	212127.1456	Direct
2007-07-20	Common Stock	S	200	$122.93	Disposed	211927.1456	Direct
2007-07-20	Common Stock	S	300	$122.91	Disposed	211627.1456	Direct
2007-07-20	Common Stock	S	700	$122.90	Disposed	210927.1456	Direct
2007-07-20	Common Stock	S	500	$122.89	Disposed	210427.1456	Direct
2007-07-20	Common Stock	S	600	$122.88	Disposed	209827.1456	Direct
2007-07-20	Common Stock	S	200	$122.87	Disposed	209627.1456	Direct
2007-07-20	Common Stock	S	200	$122.86	Disposed	209427.1456	Direct
2007-07-20	Common Stock	S	400	$122.85	Disposed	209027.1456	Direct
2007-07-20	Common Stock	S	400	$122.84	Disposed	208627.1456	Direct
2007-07-20	Common Stock	S	79	$122.83	Disposed	208548.1456	Direct
2007-07-20	Common Stock	S	300	$122.82	Disposed	208248.1456	Direct
2007-07-20	Common Stock	S	800	$122.81	Disposed	207448.1456	Direct
2007-07-20	Common Stock	S	100	$122.78	Disposed	207348.1456	Direct
2007-07-20	Common Stock	S	200	$122.71	Disposed	207148.1456	Direct
2007-07-20	Common Stock	S	100	$122.69	Disposed	207048.1456	Direct
2007-07-20	Common Stock	S	100	$122.68	Disposed	206948.1456	Direct
2007-07-20	Common Stock	S	400	$122.65	Disposed	206548.1456	Direct
2007-07-20	Common Stock	S	100	$122.64	Disposed	206448.1456	Direct
2007-07-20	Common Stock	S	300	$122.62	Disposed	206148.1456	Direct
2007-07-20	Common Stock	S	100	$122.57	Disposed	206048.1456	Direct
2007-07-20	Common Stock	S	200	$122.51	Disposed	205848.1456	Direct
2007-07-20	Common Stock	S	300	$122.49	Disposed	205548.1456	Direct
2007-07-20	Common Stock	S	400	$122.47	Disposed	205148.1456	Direct
2007-07-20	Common Stock	S	200	$122.45	Disposed	204948.1456	Direct
2007-07-20	Common Stock	S	400	$122.44	Disposed	204548.1456	Direct
2007-07-20	Common Stock	S	500	$122.42	Disposed	204048.1456	Direct
2007-07-20	Common Stock	S	600	$122.41	Disposed	203448.1456	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-07-20	Employee Stock Option (right to buy)	$62.9688	M	21500	Disposed	2007-12-10	Common Stock (21500)	Direct
2007-07-20	Employee Stock Option (right to buy)	$62.9688	M	21500	Disposed	2007-12-10	Common Stock (21500)	Direct

Footnotes

F1: Includes 14,450.162 shares acquired pursuant to a dividend reinvestment feature of Reporting Person's Retention Award.

F2: Issued pursuant to the Textron 1994 Long-Term Incentive Plan.