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TEXTRON INC — Director's Dealing 2008
Feb 1, 2008
30438_dirs_2008-02-01_4e1fc13e-c6ba-419d-99bb-60edd40a439c.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 2008-01-30
Reporting Person: CAMPBELL LEWIS B (Director, Chairman, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2008-01-30 | Common Stock | M | 22000 | — | Acquired | 361720.4932 | Direct |
| 2008-01-30 | Common Stock | D | 22000 | $54.352 | Disposed | 339720.4932 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2008-01-30 | Phantom Stock | $0 | M | 22000 | Disposed | Common (22000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 19616.591 | Indirect |
Footnotes
F1: Reflects cash payout of 22,000 units of phantom stock payable in cash only.
F2: Includes 29,966.526 shares acquired pursuant to a dividend reinvestment feature of Reporting Person's Retention Award.
F3: Converts to the cash equivalent of Textron Common Stock on a 1-for-1 basis.
F4: The phantom stock vests in three equal installments on January 15, 2006, January 15, 2007 and January 15, 2008. The phantom stock is 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.