EASTERN CO — Director's Dealing 2007

Mar 19, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTERN CO (EML)
CIK: 0000031107
Period of Report: 2007-03-15

Reporting Person: HENRY CHARLES W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-15	Common Stock	M	32250	$6.61	Acquired	78583	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-03-15	Non-qualified stock options	$6.61	M	32250	Disposed	2007-10-17	Common Stock (32250)	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

Footnotes

F1: 32,250 shares exercised on March 15, 2007 at $6.61 per share. The original option on 9/17/1997 was for 15,000 shares at
$14.875 per share. On 1/19/2000, 1,000 options were exercised. 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 32,250 shares at $6.61 per share.

F2: Includes 675 shares aquired through the Company's Dividend Reinvestment Plan.

F3: The original option on 9/17/1997 was for 15,000 shares at $14.875 per share. On 1/19/2000, 1,000 options were exercised. 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 32,250 shares at $6.61 per share. On March 15, 2007, 32,250 shares were exercised at $6.61, 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.