TEXTRON INC — Director's Dealing 2007

Apr 27, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 2007-04-26

Reporting Person: BUTLER JOHN D (Executive VP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-26	Common Stock	M	21631	$73.0313	Acquired	43276	Direct
2007-04-26	Common Stock	S	400	$103.10	Disposed	42876	Direct
2007-04-26	Common Stock	S	100	$103.09	Disposed	42776	Direct
2007-04-26	Common Stock	S	1500	$103.06	Disposed	41276	Direct
2007-04-26	Common Stock	S	300	$103.05	Disposed	40976	Direct
2007-04-26	Common Stock	S	600	$103.04	Disposed	40376	Direct
2007-04-26	Common Stock	S	3000	$103.03	Disposed	37376	Direct
2007-04-26	Common Stock	S	600	$103.02	Disposed	36776	Direct
2007-04-26	Common Stock	S	300	$103.01	Disposed	36476	Direct
2007-04-26	Common Stock	S	3200	$103.00	Disposed	33276	Direct
2007-04-26	Common Stock	S	131	$102.77	Disposed	33145	Direct
2007-04-26	Common Stock	S	100	$102.75	Disposed	33045	Direct
2007-04-26	Common Stock	S	100	$102.63	Disposed	32945	Direct
2007-04-26	Common Stock	S	200	$102.62	Disposed	32745	Direct
2007-04-26	Common Stock	S	4700	$102.60	Disposed	28045	Direct
2007-04-26	Common Stock	S	200	$102.57	Disposed	27845	Direct
2007-04-26	Common Stock	S	200	$102.56	Disposed	27645	Direct
2007-04-26	Common Stock	S	6000	$102.55	Disposed	21645	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-04-26	Employee stock option (right to buy)	$73.031	M	11500	Disposed	2009-12-14	Common Stock (11500)	Direct
2007-04-26	Employee stock option (right to buy)	$73.031	M	10131	Disposed	2009-12-14	Common Stock (10131)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3402.252	Indirect

Footnotes

F1: Issued pursuant to the Textron 1999 Long-Term Incentive Plan.