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EASTERN CO — Director's Dealing 2007
May 24, 2007
33928_dirs_2007-05-24_066e8d0f-be1e-421a-a934-4713d801c005.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: 2007-05-22
Reporting Person: MCMILLEN RUSSELL G (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2007-05-22 | Common Stock | F | 7773 | $28.70 | Disposed | 168031 | Direct |
| 2007-05-22 | Common Stock | M | 33750 | $6.61 | Acquired | 201781 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2007-05-22 | Non-qualified stock options | $6.61 | M | 33750 | Disposed | 2007-10-17 | Common Stock (33750) | Direct |
| 1998-09-09 | Non-qualified stock options | $9.33 | A | 0 | Acquired | 2008-10-09 | Common Stock (22500) | Direct |
| 1999-12-15 | Non-qualified stock options | $10.17 | A | 0 | Acquired | 2010-01-15 | Common Stock (18750) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 7500 | Indirect |
Footnotes
F1: 7,773 shares of previously acquired Eastern Company stock, was surrendered to Eastern Treasury at the closing price on May
22, 2007 of $28.70 per share, for the purchase of stock options.
F2: 33,750 shares exercised on May 22, 2007 at $6.61 per share. The original option on 9/17/1997 was for 15,000 shares at
$14.875 per share. As a result of a 3-for-2 stock split effective 5/28/1999 and a 3-for-2 stock split effective
10/18/2006, this option is now an option for 33,750 shares at $6.61 per share.
F3: The original option on 9/17/1997 was for 15,000 shares at $14.875 per share. As a result of a 3-for-2 stock split effective
5/28/1999 and a 3-for-2 stock split effective 10/18/2006, this option is now an option for 33,750 shares at $6.61 per share.
On May 22, 2007, 33,750 shares were exercised at $6.61 per share, leaving a zero balance.
F4: The original option on 9/9/1998 was for 10,000 shares at $21.00 per share. As a result of a 3-for-2 stock split effective
5/19/1999 and a 3-for-2 stock split effective 10/18/2006, this option is now 22,500 shares at $9.33 per share.
F5: The original 12/15/1999 option was for 12,500 shares at $15.25 per share. As a result of a 3-for-2 stock split effective
10/18/2006 this option is now 18,750 shares at $10.17 per share.