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EASTERN CO — Director's Dealing 2004
May 5, 2004
33928_dirs_2004-05-05_9bcabca2-24dd-4df0-bcf9-a3594f6756e9.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: 2004-05-04
Reporting Person: SULLIVAN JOHN L III (VP, Secretary & Treasurer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2004-05-04 | Common Stock | A | 13 | — | Acquired | 2015 | Direct |
| 2004-05-04 | Common Stock | M | 2500 | $11.92 | Acquired | 4515 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2004-05-04 | Qualified employee stock option | $11.92 | M | 2500 | Disposed | 2007-12-16 | Common Stock (2500) | Direct |
| 1999-07-21 | Qualified employee stock option | $18.50 | A | 0 | Acquired | 2009-07-21 | Common Stock (12500) | Direct |
| 1999-12-15 | Non-qualified employee stock option | $15.25 | A | 0 | Acquired | 2009-12-15 | Common Stock (10000) | Direct |
| 2000-07-19 | Qualified employee stock option | $14.25 | A | 0 | Acquired | 2010-07-19 | Common Stock (20000) | Direct |
| 2001-04-26 | Qualified employee stock option | $14.40 | A | 0 | Acquired | 2011-04-26 | Common Stock (15000) | Direct |
Footnotes
F1: 13 shares acquired at various prices from 1/1/04 through 5/4/04 under The Eastern Company Dividend Invest-ment Plan and The Eastern Company Employee Stock Purchase Plan.
F2: Original 12/16/1997 option was for 5,000 shares at $17.875 per share. As a result of a 3-for-2 stock split effective 5/28/1999 this option became an option for 7,500 shares at $11.92 per share. On 5/4/2004 Mr Sullivan exercised 2,500 shares, so this option is now for 5,000 shares at $11.92 per share.
F3: Options to acquire 5,400 shares were vested on date of grant 7/21/1999, options to acquire another 5,400 shares vested on 1/1/2000, and options to acquire the remaining 1,700 shares vested on 1/1/2001.
F4: Options to acquire 4,810 shares vested on 1/1/2001, options to acquire another 7,017 shares vested on 1/1/2002, options to acquire another 7,017 shares vested on 1/1/2003 and options to acquire the remaining 1,156 shares vested on 1/1/2004.
F5: Options to acquire 5,800 shares vested on 1/1/2004, options to acquire another 6,944 shares vest on 1/1/2005, & options to acquire the remaining 2,256 shares vest on 1/1/2006.