TEXTRON INC 4
4 · TEXTRON INC · Filed Feb 1, 2007
Insider Transaction Report
Form 4
TEXTRON INCTXT
FRENCH TED R
EVP and CFO
Transactions
- Disposition to Issuer
Common Stock
2007-01-29$95.44/sh−4,000$381,740→ 58,042 total - Exercise/Conversion
Common Stock
2007-01-29+4,000→ 62,042 total - Exercise/Conversion
Phantom Stock
2007-01-29−4,000→ 4,000 totalExercise: $0.00→ Common (4,000 underlying)
Holdings
- 1,154.653(indirect: Held on behalf of Reporting Person by the Textron Savings Plan (as of December 31, 2006).)
Common Stock
Footnotes (3)
- [F1]Reflects cash payout of 4,000 units of phantom stock payable in cash only.
- [F2]Converts to the cash equivalent of Textron Common Stock on a 1-for-1 basis.
- [F3]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.