TEXTRON INC — Director's Dealing 2007

May 2, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 2007-04-27

Reporting Person: Bohlen Kenneth C (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-27	Common Stock	G	3000	—	Disposed	23392	Direct
2007-05-01	Common Stock	M	15000	$73.0313	Acquired	38392	Direct
2007-05-01	Common Stock	S	15000	$101.8354	Disposed	23392	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-04-30	Deferred Stock Units	$0	A	98.429	Acquired		Common Stock (98.429)	Direct
2007-05-01	Employee Stock Option - Right to Buy	$73.0313	M	7500	Disposed	2009-12-14	Common Stock (7500)	Direct
2007-05-01	Employee Stock Option - Right to Buy	$73.0313	M	7500	Disposed	2009-12-14	Common Stock (7500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4339.72	Indirect

Footnotes

F1: Price reported is weighted average price per share of transactions effected at prices ranging from $101.50 to $102.21 per share.

F2: Converts to Common Stock on a 1-for-1 basis.

F3: Payable upon the conclusion of Reporting Person's employment with Textron.

F4: Issued pursuant to the Textron 1999 Long-Term Incentive Plan.