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: BUTLER JOHN D (Executive VP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-16	Common Stock	M	17666	$74.9275	Acquired	34720	Direct
2007-02-16	Common Stock	M	20928	$56.43	Acquired	55648	Direct
2007-02-16	Common Stock	S	400	$97.39	Disposed	55248	Direct
2007-02-16	Common Stock	S	1600	$97.38	Disposed	53648	Direct
2007-02-16	Common Stock	S	3300	$97.37	Disposed	50348	Direct
2007-02-16	Common Stock	S	1500	$97.36	Disposed	48848	Direct
2007-02-16	Common Stock	S	1000	$97.35	Disposed	47848	Direct
2007-02-16	Common Stock	S	4200	$97.34	Disposed	43648	Direct
2007-02-16	Common Stock	S	4594	$97.33	Disposed	39054	Direct
2007-02-16	Common Stock	S	2800	$97.32	Disposed	36254	Direct
2007-02-16	Common Stock	S	6100	$97.31	Disposed	30154	Direct
2007-02-16	Common Stock	S	9400	$97.30	Disposed	20754	Direct
2007-02-16	Common Stock	S	300	$97.29	Disposed	20454	Direct
2007-02-16	Common Stock	S	700	$97.28	Disposed	19754	Direct
2007-02-16	Common Stock	S	1000	$97.27	Disposed	18754	Direct
2007-02-16	Common Stock	S	1500	$97.26	Disposed	17254	Direct
2007-02-16	Common Stock	S	200	$97.25	Disposed	17054	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-16	Employee stock option (right to buy)	$74.9375	M	9500	Disposed	2008-12-09	Common Stock (9500)	Direct
2007-02-16	Employee stock option (right to buy)	$74.9375	M	8166	Disposed	2008-12-09	Common Stock (8166)	Direct
2007-02-16	Employee stock option (right to buy)	$56.43	M	7567	Disposed	2014-02-11	Common Stock (7567)	Direct
2007-02-16	Employee stock option (right to buy)	$56.43	M	7567	Disposed	2014-02-11	Common Stock (7567)	Direct
2007-02-16	Employee stock option (right to buy)	$56.43	M	5794	Disposed	2014-02-11	Common Stock (5794)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3281.222	Indirect

Footnotes

F1: Issued pursuant to the Textron 1994 Long-Term Incentive Plan.

F2: Issued pursuant to the Textron 1999 Long-Term Incentive Plan.