EASTERN CO — Director's Dealing 2007

Oct 25, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTERN CO (EML)
CIK: 0000031107
Period of Report: 2007-10-24

Reporting Person: SULLIVAN JOHN L III (Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-10-24	Common Stock	A	107	—	Acquired	7496	Direct
2007-10-24	Common Stock	M	7500	$7.95	Acquired	14996	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-10-24	Qualified employee stock option	$7.95	M	7500	Disposed	2007-12-16	Common Stock (7500)	Direct
1999-07-21	Qualified employee stock option	$12.33	A	0	Acquired	2009-07-21	Common Stock (18750)	Direct
1999-12-15	Non-qualified employee stock option	$10.17	A	0	Acquired	2009-12-15	Common Stock (15000)	Direct
2000-07-19	Qualified employee stock option	$9.50	A	0	Acquired	2010-07-19	Common Stock (30000)	Direct
2001-04-26	Qualified employee stock option	$9.6	A	0	Acquired	2011-04-26	Common Stock (22500)	Direct

Footnotes

F1: 107 shares acquired under The Eastern Company Dividend Reinvestment Plan and The Eastern Company Employee Stock Purchase Plan
from January until September 2007.

F2: 7,500 shares were exercised on October 24, 2007 at $7.95 per share. 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, and this became an option for 5,000 shares at $11.92 per
share. As a of a 3-for-2 stock split effective 10/18/2006, this option became an option for 7,500 shares at $7.95 per
share.

F3: 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, and this became an option for 5,000 shares at $11.92 per share. As a of a 3-for-2 stock split effective 10/18/2006,
this option is now an option for 7,500 shares at $7.95 per share. On October 24, 2007, 7,500 shares were exercised at $7.95
per share leaving a zero balance.

F4: Original 7/21/1999 option was for 12,500 shares at $18.50 per share. 5,400 shares were vested on date of grant 7/21/1999;
5,400 shares were vested on 1/1/2000 and the remaining 1,700 shares were vested on 1/1/2001. As a result of a 3-for-2 stock
split effective 10/18/2006 this option is now for 18,750 shares at $12.33 per share.

F5: Original 12/15/1999 option was for 10,000 shares at $15.25 per share. As a result of a 3-for-2 stock split effective
10/18/2006 this option is now for 15,000 shares at $10.17 per share.

F6: Original 7/19/2000 option was for 20,000 shares at $14.25 per share. 4,810 shares were vested on 1/1/2001; 7,017 shares were
vested on 1/1/2002; 7,017 shares were vested on 1/1/2003, and the remaining 1,156 shares were vested on 1/1/2004. As a
result of a 3-for-2 stock split effective 10/18/2006 this option is now for 30,000 shares at $9.50 per share.

F7: Original 4/26/2001 option was for 15,000 shares at $14.40 per share. 5,800 shares were vested on 1/1/2004; 6,944 shares were
vested on 1/1/2005, and the remaining 2,256 shares were vested on 1/1/2006. As a result of a 3-for-2 stock split effective
10/18/2006 this option is now for 22,500 shares at $9.60 per share.