EASTERN CO — Director's Dealing 2007

Jan 17, 2007

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: EASTERN CO (EML)
CIK: 0000031107
Period of Report: 2006-12-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-16	Common Stock	A	202	—	Acquired	7389	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
1997-12-16	Qualified employee stock option	$7.95	A	0	Acquired	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: 4,791 shares at end of 2005, as a result of a 3-for-2 stock split effective 10/18/2006, are now 7,186 shares plus 202 shares
acquired at various prices during 2006 under The Eastern Company Dividend Investment Plan and The Eastern Company
Employee Stock Purchase Plan. (Discrepancy due to fractional share.)

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,
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.

F3: 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.

F4: 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.

F5: 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.

F6: 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.