TEXTRON INC — Registration Form 2003

May 9, 2003

S-8 1 seight.htm As filed with the Securities and Exchange Commission on May 9

| As filed with the Securities and Exchange Commission
on May 9, 2003 |
| --- |
| Registration No. 333-_ |
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION |
| Washington, D.C. 20549 |
| ______ |
| FORM S-8 |
| REGISTRATION STATEMENT |
| under |
| THE SECURITIES ACT OF 1933 |

TEXTRON INC
(Exact Name of Registrant as Specified in Its Charter)

Delaware	05-0315468
(State or Other Jurisdiction of
(I.R.S. Employer	(I.R.S. Employer.
Incorporation or Organization)	Identification No.)

40 Westminster Street
Providence, Rhode Island 02903
(Address of Principal Executive Offices) (Zip Code)

TEXTRON 1999 LONG-TERM INCENTIVE PLAN
(Full Title of the Plan)
Michael D. Cahn
Senior Associate General Counsel - Securities
Textron Inc.
40 Westminster Street
Providence, Rhode Island 02903
(Name and Address of Agent for Service)
401-421-2800
(Telephone Number, Including Area Code, of Agent for
Service)
CALCULATION OF REGISTRATION FEE

Title of Securities to be Registered	Amount to be Registered	Proposed Maximum Offering Price Per Share	Proposed Maximum Aggregate Offering Price	Amount of Registration Fee
Common Stock $.125 par value	2,500,000 shares	$30.77	$76,925,000	$6223.24

(1) Estimated in accordance with Rule 457(c) solely for the purpose of calculating the reg- istration fee, on the basis of the average of the high and low prices per share of the Registrant's Common Stock on the New York Stock Exchange Composite Tape on May 5, 2003.

EXPLANATORY NOTE

This registration statement relates to 2,500,000 shares of Textron Common Stock, $.125 par value ("Shares") issuable under the Textron 1999 Long-Term Incentive Plan, which are in addition to the 5,000,000 Shares registered on Registration Statement on Form S-8 (No. 333-101180) and 8,500,000 Shares registered on Registration Statement on Form S-8 (No. 333-78145), the contents of which are incorporated by reference herein.

PART II
INFORMATION REQUIRED IN THE
REGISTRATION STATEMENT

ITEM 3. Incorporation of Documents by Reference

The following documents are incorporated by reference in this registration statement:

December 28, 2002.

Exchange Act of 1934 since the end of the fiscal year covered by the
registrant document
referred to in (a) above.

Preferred Stock Purchase Rights which are contained in
registration statements filed
under the Securities Exchange Act of 1934, including
any amendments or reports filed for
the purpose of updating such descriptions.

All documents subsequently filed by Textron and the Plan pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the date of the filing of such documents.

ITEM 4. Descriptions of Securities

Inapplicable.

ITEM 5. Interests of Named Experts and Counsel

The validity of the securities has been passed upon by Michael D. Cahn, Senior Associate General Counsel-Securities and Assistant Secretary for the Company. Mr. Cahn is a full time employee of Textron Inc. and owns and holds options to purchase, shares of Textron Common Stock.

ITEM 6. Indemnification of Directors and Officers

As authorized by Section 145 of the Delaware General Corporation Law, each director and officer of Textron may be indemnified by Textron against expenses (including attorney's fees, judgments, fines and amounts paid in settlement) actually and reasonably incurred in connection with the defense or settlement of any threatened, pending or completed legal proceedings in which he or she is involved by reason of the fact that he or she is or was a director or officer of Textron if he or she acted in good faith and in a manner that he or she reasonably believed to be in or not opposed to the best interests of Textron and with respect to any criminal action or proceeding, if he or she had no reasonable cause to believe that his or her conduct was unlawful. If the legal proceeding, however, is by or in the right of Textron, the director or officer may not be indemnified in respect of any claim, issue or matter as to which he or she shall have been adjudged to be liable to Textron unless and to the extent that a court determines otherwise.

Textron's by-laws require Textron to indemnify each officer and director to the fullest extent permitted by law. In addition, Textron maintains directors' and officers' liability policies.

Article Sixth of Textron's restated certificate of incorporation provides that, to the fullest extent permitted by law, directors of Textron will not be liable for monetary damages to Textron or its stockholders for breaches of their fiduciary duties.

ITEM 7. Exemption from Registration Claimed

Inapplicable.

Item 8.
5	Opinion and Consent of Michael D. Cahn, Senior Associate General
Counsel-Securities and Assistant Secretary of Textron.
23	Consent of Ernst & Young LLP.
24	Power of Attorney.

ITEM 9. Undertakings

The undersigned registrant hereby undertakes:

(1)
effective amendment to this registration statement:
(i)	To include any prospectus required by section 10(a)(3) of the
Securities Act of 1933;
(ii)	To reflect in the prospectus any facts or events arising after the
effective date of the registration statement (or the most recent
post-effective amendment thereof) which, individually or in the
aggregate, represent a fundamental change in the information set for in
the registration statement;
(iii)	To include any material information with respect to the plan of
distribution not previously disclosed in the registration statement or any
material change to such information in the registration statement;

Provided, however, that paragraphs (1)(i) and (1)(ii) do not apply if the registration statement is on Form S-3 or Form S-8, and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed by the registrant pursuant to section 13 or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement.

| |
| --- |
| 1933 each such post-effective amendment shall be deemed to be a
new registration statement relating to the securities offered therein and
the offering of such securities at that time shall be deemed to be the
initial bona fide offering thereof. |

the securities being registered which remain unsold at the termination
of the offering.

The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Providence, and State of Rhode Island, on this 9 th day of May, 2003.

	TEXTRON INC.
	(Registrant)
By:	s/Michael D. Cahn
Name	Michael D. Cahn
Title:	Senior Associate General Counsel-Securities and Assistant Secretary

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below on the 9th day of May, 2003, by the following persons in the capacities indicated.

NAME
*	Chairman, President and Chief Executive Officer,
Lewis B. Campbell	Director
*	Director
H. Jesse Arnelle
*	Director
Teresa Beck
*	Director
R. Stuart Dickson
*	Director
Lawrence K. Fish
*	Director
Joe T. Ford
*	Director
Paul E. Gagné
*	Director
John D. Macomber
*	Director
Lord Powell of Bayswater KCMG
*	Director
Brian H. Rowe
*	Director
Sam F. Segnar
*	Director
Martin D. Walker
*	Director
Thomas B. Wheeler
*	Executive Vice President and
Ted R. French	Chief Financial Officer
	(principal financial officer)
*	Vice President and Controller
Richard L. Yates	(principal accounting officer)
*By:	s/Michael D. Cahn
	Michael D. Cahn
	Attorney-in-fact

EXHIBIT INDEX

Exhibit No.	Description
5	Opinion and Consent of Michael D. Cahn, Senior Associate General
Counsel-Securities and Assistant Secretary of Textron.
23	Consent of Ernst & Young LLP.
24	Power of Attorney.