TEXTRON INC — Director's Dealing 2007

Feb 27, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: FRENCH TED R (Executive VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-12	Common Stock	F	1309	$96.285	Disposed	56733	Direct
2007-02-23	Common Stock	M	60000	$40.95	Acquired	116733	Direct
2007-02-23	Common Stock	S	500	$96.18	Disposed	116233	Direct
2007-02-23	Common Stock	S	2600	$96.19	Disposed	113633	Direct
2007-02-23	Common Stock	S	14510	$96.20	Disposed	99123	Direct
2007-02-23	Common Stock	S	1700	$96.21	Disposed	97423	Direct
2007-02-23	Common Stock	S	2700	$96.22	Disposed	94723	Direct
2007-02-23	Common Stock	S	1400	$96.23	Disposed	93323	Direct
2007-02-23	Common Stock	S	800	$96.25	Disposed	92523	Direct
2007-02-23	Common Stock	S	300	$96.26	Disposed	92223	Direct
2007-02-26	Common Stock	S	25000	$95.89	Disposed	67223	Direct
2007-02-26	Common Stock	S	6200	$95.765	Disposed	61023	Direct
2007-02-26	Common Stock	S	1100	$95.50	Disposed	59923	Direct
2007-02-26	Common Stock	S	500	$96.09	Disposed	59423	Direct
2007-02-26	Common Stock	S	790	$95.38	Disposed	58633	Direct
2007-02-26	Common Stock	S	300	$96.10	Disposed	58333	Direct
2007-02-26	Common Stock	S	300	$96.02	Disposed	58033	Direct
2007-02-26	Common Stock	S	300	$95.72	Disposed	57733	Direct
2007-02-26	Common Stock	S	200	$95.86	Disposed	57533	Direct
2007-02-26	Common Stock	S	200	$95.93	Disposed	57333	Direct
2007-02-26	Common Stock	S	200	$95.94	Disposed	57133	Direct
2007-02-26	Common Stock	S	200	$95.68	Disposed	56933	Direct
2007-02-26	Common Stock	S	100	$96.26	Disposed	56833	Direct
2007-02-26	Common Stock	S	100	$95.65	Disposed	56733	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-23	Employee stock option (right to buy)	$40.95	M	30000	Disposed	2012-01-14	Common Stock (30000)	Direct
2007-02-23	Employee stock option (right to buy)	$40.95	M	30000	Disposed	2012-01-14	Common Stock (30000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1154.653	Indirect

Footnotes

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