Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
HASSENFELD ALAN G
   2. Issuer Name and Ticker or Trading Symbol
HASBRO INC [HAS] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
Chairman
(Last)
(First)
(Middle)
3. Date of Earliest Transaction (Month/Day/Year)
07/31/2007
(Street)

 		 4. If Amendment, Date 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
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock (Par value $.50 per share) 07/31/2007   M   50,000 A $ 24.875 5,854,222 D  
Common Stock (Par value $.50 per share) 07/31/2007   S   3,000 D $ 28.48 5,851,222 D  
Common Stock (Par value $.50 per share) 07/31/2007   S   3,000 D $ 28.5 5,848,222 D  
Common Stock (Par value $.50 per share) 07/31/2007   S   5,000 D $ 28.79 5,843,222 D  
Common Stock (Par value $.50 per share) 07/31/2007   S   6,000 D $ 28.55 5,837,222 D  
Common Stock (Par value $.50 per share) 07/31/2007   S   3,000 D $ 28.12 5,834,222 D  
Common Stock (Par value $.50 per share) 07/31/2007   S   3,000 D $ 28.13 5,831,222 D  
Common Stock (Par value $.50 per share) 07/31/2007   S   3,000 D $ 28.06 5,828,222 D  
Common Stock (Par value $.50 per share) 07/31/2007   S   18,000 D $ 28.75 5,810,222 D  
Common Stock (Par value $.50 per share) 07/31/2007   S   3,000 D $ 28.8 5,807,222 D  
Common Stock (Par value $.50 per share) 07/31/2007   S   3,000 D $ 28.46 5,804,222 D  
Common Stock (Par value $.50 per share) 08/01/2007   M   10,000 A $ 24.875 5,814,222 D  
Common Stock (Par value $.50 per share) 08/01/2007   S   2,000 D $ 28.2 5,812,222 D  
Common Stock (Par value $.50 per share) 08/01/2007   S   2,000 D $ 28.25 5,810,222 D  
Common Stock (Par value $.50 per share) 08/01/2007   S   4,000 D $ 28.3 5,806,222 D  
Common Stock (Par value $.50 per share) 08/01/2007   S   2,000 D $ 28.4 5,804,222 D  
Common Stock (Par value $.50 per share)               279,892 I (1) As Trustee of the Stephen Hassenfeld Charitable Lead Trust.
Common Stock (Par value $.50 per share)               154,216 I (1) As Trustee of the Sylvia Hassenfeld Trust.
Common Stock (Par value $.50 per share)               7,640,921 I (1) As Trustee of the Merrill Hassenfeld Trust.
Common Stock (Par value $.50 per share)               829,347 I (1) As Trustee of a Trust for the benefit of himself.

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option (Right to Buy) (2) $ 24.875 07/31/2007   M     50,000   (3) 04/22/2008 Common Stock 50,000 $ 0 10,000 D  
Option (Right to Buy) (2) $ 24.875 08/01/2007   M     10,000   (3) 04/22/2008 Common Stock 10,000 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
HASSENFELD ALAN G

 		   X   X   Chairman

Signatures

 Tarrant Sibley, p/o/a for Alan G. Hassenfeld   08/02/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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).
(1) Mr. Hassenfeld disclaims beneficial ownership of all of these shares except to the extent of his proportionate pecuniary interest therein.
(2) These options were granted pursuant to an employee stock option plan in compliance with Rule 16b-3 and have tandem tax withholding rights.
(3) These options vested in cumulative installments of 33 1/3% on each of the first three anniversaries of the date of grant, which grant date was, April 23, 1998.

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