TEXTRON INC — Director's Dealing 2007

Mar 5, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 2007-02-12

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-12	Common Stock	F	3479	$96.285	Disposed	179255.0696	Direct
2007-03-01	Common Stock	A	24227	—	Acquired	203482.0696	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-03-01	Employee Stock Option (Right to Buy)	$91.07	A	99478	Acquired	2017-02-28	Common Stock (99478)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9199.821	Indirect

Footnotes

F1: Includes 18,605.086 shares acquired pursuant to a dividend reinvestment feature of the Textron 1999 Long-Term Incentive Plan (as of 12/31/2006).

F2: The option vests in three equal annual installments, beginning on March 1, 2008.

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