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EASTERN CO Director's Dealing 2003

Aug 18, 2003

33928_dirs_2003-08-18_bab45793-9d46-4402-a604-d5d313c9a93e.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTERN CO (EML)
CIK: 0000031107
Period of Report: 2003-08-14

Reporting Person: MCMILLEN RUSSELL G (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2003-08-14 Common Stock S 500 $15.05 Disposed 0 Direct
2003-08-18 Common Stock S 4427 $15.00 Disposed 131113 Direct
2003-08-15 Common Stock S 22 $15.05 Disposed 0 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
1997-09-17 Non-qualified stock option $9.92 A 0 Acquired 2007-10-17 Common Stock (22500) Direct
1998-09-09 Non-qualified stock option $14.00 A 0 Acquired 2008-10-09 Common Stock (15000) Direct
1999-12-15 Non-qualified stock option $15.25 A 0 Acquired 2010-01-15 Common Stock (12500) Direct

Footnotes

F1: 500 shares were sold in the open market at $15.05 per share on August 14, 2003.

F2: 4,427 shares were sold in the open market at $15.00 per share on August 18, 2003.

F3: 22 shares held by Spouse as custodian for Lois L. McMillen were sold in the open market at $15.05 per share on August 15, 2003.

F4: Original 9/17/1997 option was for 15,000 shares at $14.875 per share. As a result of a 3-for-2 stock split effective 5/28/1999 this option is now 22,500 shares at $9.92 per share.

F5: Original 9/9/1998 opiton was for 10,000 shares at $21.00 per share. As a result of a 3-for-2 stock split effective 5/28/1999 this option is now 15,000 shares at $14.00 per share.