TEXTRON INC - Director's Dealing 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 2009-02-27

Reporting Person: DONNELLY SCOTT C (President & COO)

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-02-27	Employee Stock Option (Right to Buy)	$5.65	A	100746	Acquired	2019-02-28	Common Stock (100746)	Direct
2009-02-27	Cash-Settled Restricted Stock Units	$0	A	89880	Acquired		Common Stock (89880)	Direct
2009-02-27	Cash-Settled Restricted Stock Units	$0	A	66578	Acquired		Common Stock (66578)	Direct

F1: The option vests in three (3) equal annual installments, beginning on March 1, 2010.

F2: Issued pursuant to the Textron 2007 Long-Term Incentive Plan.

F3: Each cash-settled restricted stock unit is valued upon vesting based upon the value of one (1) share of Textron Inc. Common Stock.

F4: Payable in cash in five (5) equal annual installments, beginning on March 1, 2010.

F5: Payable in cash in three (3) equal annual installments, beginning on March 1, 2010.