SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL OMB Number: 3235-0104 Estimated average burden hours per response: 0.5

1. Name and Address of Reporting Person* Bohlen Kenneth C (Last) (First) (Middle) TEXTRON INC. 2301 EAGLE PARKWAY, SUITE 250 (Street) FORT WORTH TX 76177 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 09/27/2006	3. Issuer Name and Ticker or Trading Symbol TEXTRON INC [ TXT ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Executive Vice President	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	22,237	D
Common Stock	4,027.851	I	Held on behalf of Reporting Person by the Textron Savings Plan (as of August 31, 2006).

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phanton Stock	(1)	(1)	Common Stock	13,000	$0(2)	D
Phantom Stock	(3)	(3)	Common Stock	4,667	$0(2)	D
Employee Stock Option - Right to Buy	12/13/2001	12/13/2010	Common Stock	7,500	$45.5625	D
Employee Stock Option - Right to Buy	12/13/2002	12/13/2010	Common Stock	12,500	$45.5625	D
Employee Stock Option - Right to Buy	01/15/2004	01/15/2012	Common Stock	5,000	$40.95	D
Employee Stock Option - Right to Buy	02/12/2005	02/12/2014	Common Stock	4,410	$56.43	D
Employee Stock Option - Right to Buy	02/12/2006	02/12/2014	Common Stock	4,409	$56.43	D
Employee Stock Option - Right to Buy	02/12/2007	02/12/2014	Common Stock	4,999	$56.43	D
Employee Stock Option - Right to Buy	02/23/2006	02/23/2015	Common Stock	5,189	$76.575	D
Employee Stock Option - Right to Buy	02/23/2007	02/23/2015	Common Stock	5,623	$76.575	D
Employee Stock Option - Right to Buy	02/23/2008	02/23/2015	Common Stock	5,623	$76.575	D
Employee Stock Option - Right to Buy	03/01/2007	03/01/2016	Common Stock	4,500	$87.95	D
Employee Stock Option - Right to Buy	03/01/2008	03/01/2016	Common Stock	4,500	$87.95	D
Employee Stock Option - Right to Buy	03/01/2009	03/01/2016	Common Stock	4,500	$87.95	D
Employee Stock Option - Right to Buy	12/15/2000	12/15/2009	Common Stock	7,500	$73.0313	D
Employee Stock Option - Right to Buy	12/15/2001	12/15/2009	Common Stock	7,500	$73.0313	D
Employee Stock Option - Right to Buy	11/15/2000	11/15/2009	Common Stock	9,290	$70.375	D
Employee Stock Option - Right to Buy	11/15/2001	11/15/2009	Common Stock	9,290	$70.375	D

Explanation of Responses:

1. The phantom stock vests in two annual installments, 7,000 shares on August 1, 2007 and 6,000 shares on August 1, 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.

2. Converts to the cash equivalent of Textron Common Stock on a 1-for-1 basis.

3. The phantom stock vests in two annual installments, 2,333 shares on February 3, 2007 and 2,334 shares on February 3, 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.

Remarks:

	By Ann T. Willaman, Attorney-in-Fact	10/10/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.