EASTERN CO — Director's Dealing 2004

Feb 10, 2004

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: EASTERN CO (EML)
CIK: 0000031107
Period of Report: 2004-01-03

Reporting Person: MCMILLEN RUSSELL G (Director)

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

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	131647	Direct

Footnotes

F1: 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.

F2: Original 9/9/1998 option 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.