TEXTRON INC — Director's Dealing 2007

Feb 20, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 2007-02-16

Reporting Person: Bohlen Kenneth C (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-16	Common Stock	M	2333	—	Acquired	24570	Direct
2007-02-16	Common Stock	D	2333	$96.51	Disposed	22237	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-16	Phantom Stock	$0	M	2333	Disposed		Common Stock (2333)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4174.981	Indirect

Footnotes

F1: Converts to Common Stock on a 1-for-1 basis.

F2: The phantom stock vests in three annual installments as follows: 2,333 shares on February 3, 2006; 2,333 shares on February 3, 2007; and 2,334 shares on February 3, 2008. Vested shares of phantom stock are payable in cash only. Calculation of the per share price is based on an average of the closing price of Textron Common Stock on the first ten trading days following the vesting date.