Julie G Duffy Form 3 TEXTRON / Julie G Duffy ownership change

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

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1. Name and Address of Reporting Person^*

Duffy Julie G

(Last) (First) (Middle)

TEXTRON INC.

40 WESTMINSTER STREET

(Street)

PROVIDENCE RI 02903

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/17/2017

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 VP - Human Resources

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	12,831	D
Common Stock	10,736.62	I	Held on behalf of the Reporting Person by the Textron Savings Plan (as of 07/17/2017).

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
Employee Stock Option - Right to Buy	(1)	03/01/2024	Common Stock	6,562	39.7	D
Employee Stock Option - Right to Buy	(2)	03/01/2025	Common Stock	5,727	44.31	D
Employee Stock Option - Right to Buy	(3)	03/01/2026	Common Stock	7,009	34.5	D
Employee Stock Option - Right to Buy	(4)	03/10/2027	Common Stock	6,260	49.48	D
Stock Units	(5)	(5)	Common Stock	420.94(6)	(7)	D
Stock Units	(5)	(5)	Common Stock	60.891(8)	(7)	D

Explanation of Responses:

1. This option vested in three (3) equal annual installments. The first, second and third installments became exercisable on March 1, 2015, March 1, 2016 and March 1, 2017 (respectively).

2. This option vests in three (3) equal annual installments. The first and second installments became exercisable on March 1, 2016 and March 1, 2017 (respectively), and the third installment will become exercisable on March 1, 2018.

3. This option vests in three (3) equal annual installments. The first installment became exercisable on March 1, 2017, and the second and third installments will become exercisable on March 1, 2018 and March 1, 2019 (respectively).

4. This option will vest in three (3) equal annual installments. The first, second and third installments will become exercisable on March 1, 2018, March 1, 2019 and March 1, 2020 (respectively).

5. Payable in cash following the conclusion of Reporting Person's employment with Textron Inc.

6. Acquired pursuant to the Textron Spillover Savings Plan.

7. Each stock unit is valued based on the value of one (1) share of Textron Inc. Common Stock.

8. Acquired pursuant to the Deferred Income Plan for Textron Executives.

Remarks:

	/s/ Ann T. Willaman, Attorney-in-Fact	07/27/2017
	** 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).
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