TEXTRON INC - Director's Dealing 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 2007-04-20

Reporting Person: HOWELL MARY L (Executive VP)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-20	Common Stock	M	16666	$74.9375	Acquired	47871	Direct
2007-04-20	Common Stock	M	20631	$73.0313	Acquired	68502	Direct
2007-04-20	Common Stock	M	20928	$56.43	Acquired	89430	Direct
2007-04-20	Common Stock	S	58225	$102.34	Disposed	31205	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-04-20	Employee Stock Option - Right to Buy	$74.9375	M	9000	Disposed	2008-12-09	Common Stock (9000)	Direct
2007-04-20	Employee Stock Option - Right to Buy	$74.9375	M	7666	Disposed	2008-12-09	Common Stock (7666)	Direct
2007-04-20	Employee Stock Option - Right to Buy	$73.0313	M	11000	Disposed	2009-12-14	Common Stock (11000)	Direct
2007-04-20	Employee Stock Option - Right to Buy	$73.0313	M	9631	Disposed	2009-12-14	Common Stock (9631)	Direct
2007-04-20	Employee Stock Option - Right to Buy	$56.43	M	7567	Disposed	2014-02-11	Common Stock (7567)	Direct
2007-04-20	Employee Stock Option - Right to Buy	$56.43	M	7567	Disposed	2014-02-11	Common Stock (7567)	Direct
2007-04-20	Employee Stock Option - Right to Buy	$56.43	M	5794	Disposed	2014-02-11	Common Stock (5794)	Direct

Security	Shares	Ownership
Common Stock	4363.632	Indirect
Common Stock	272	Indirect

F1: Price reported is weighted average price per share of transaction effected at prices ranging from $102.00 to $102.83.

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

F3: Issued pursuant to the Textron 1999 Long-Term Incentive Plan.