TEXTRON INC — Director's Dealing 2008

Apr 30, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 2008-04-28

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-04-28	Common Stock	M	145614	$22.7812	Acquired	513989.3192	Direct
2008-04-28	Common Stock	M	147262	$36.5156	Acquired	661251.3192	Direct
2008-04-28	Common Stock	M	81254	$36.3906	Acquired	742505.3192	Direct
2008-04-28	Common Stock	M	200000	$37.4687	Acquired	942505.3192	Direct
2008-04-28	Common Stock	S	3605	$60.50	Disposed	938900.3192	Direct
2008-04-28	Common Stock	S	100	$60.505	Disposed	938800.3192	Direct
2008-04-28	Common Stock	S	100	$60.507	Disposed	938700.3192	Direct
2008-04-28	Common Stock	S	1695	$60.51	Disposed	937005.3192	Direct
2008-04-28	Common Stock	S	300	$60.52	Disposed	936705.3192	Direct
2008-04-28	Common Stock	S	200	$60.525	Disposed	936505.3192	Direct
2008-04-28	Common Stock	S	100	$60.5275	Disposed	936405.3192	Direct
2008-04-28	Common Stock	S	1200	$60.53	Disposed	935205.3192	Direct
2008-04-28	Common Stock	S	1100	$60.535	Disposed	934105.3192	Direct
2008-04-28	Common Stock	S	200	$60.54	Disposed	933905.3192	Direct
2008-04-28	Common Stock	S	2500	$60.55	Disposed	931405.3192	Direct
2008-04-28	Common Stock	S	501	$60.56	Disposed	930904.3192	Direct
2008-04-28	Common Stock	S	400	$60.57	Disposed	930504.3192	Direct
2008-04-28	Common Stock	S	200	$60.58	Disposed	930304.3192	Direct
2008-04-28	Common Stock	S	1900	$60.59	Disposed	928404.3192	Direct
2008-04-28	Common Stock	S	1100	$60.60	Disposed	927304.3192	Direct
2008-04-28	Common Stock	S	150	$60.605	Disposed	927154.3192	Direct
2008-04-28	Common Stock	S	1200	$60.61	Disposed	925954.3192	Direct
2008-04-28	Common Stock	S	1042	$60.62	Disposed	924912.3192	Direct
2008-04-28	Common Stock	S	1172	$60.63	Disposed	923740.3192	Direct
2008-04-28	Common Stock	S	3800	$60.64	Disposed	919940.3192	Direct
2008-04-28	Common Stock	S	1025	$60.65	Disposed	918915.3192	Direct
2008-04-28	Common Stock	S	2855	$60.66	Disposed	916060.3192	Direct
2008-04-28	Common Stock	S	100	$60.6675	Disposed	915960.3192	Direct
2008-04-28	Common Stock	S	400	$60.68	Disposed	915560.3192	Direct
2008-04-28	Common Stock	S	700	$60.69	Disposed	914860.3192	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-04-28	Employee Stock Option (right to buy)	$22.7812	M	70614	Disposed	2010-12-12	Common Stock (70614)	Direct
2008-04-28	Employee Stock Option (right to buy)	$22.7812	M	75000	Disposed	2010-12-13	Common Stock (75000)	Direct
2008-04-28	Employee Stock Option (right to buy)	$36.5156	M	75000	Disposed	2001-12-14	Common Stock (75000)	Direct
2008-04-28	Employee Stock Option (right to buy)	$36.5156	M	72262	Disposed	2009-12-14	Common Stock (72262)	Direct
2008-04-28	Employee Stock Option (right to buy)	$36.3906	M	42000	Disposed	2008-06-30	Common Stock (42000)	Direct
2008-04-28	Employee Stock Option (right to buy)	$36.3906	M	39254	Disposed	2008-06-30	Common Stock (39254)	Direct
2008-04-28	Employee Stock Option (right to buy)	$37.4687	M	100000	Disposed	2008-12-09	Common Stock (100000)	Direct
2008-04-28	Employee Stock Option (right to buy)	$37.4687	M	100000	Disposed	2008-12-09	Common Stock (100000)	Direct

Footnotes

F1: Includes 30,601.352 shares acquired pursuant to a dividend reinvestment feature of Reporting Person's Retention Award.