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EASTERN CO — Director's Dealing 2008
Aug 25, 2008
33928_dirs_2008-08-25_0665cc9b-e3df-476e-a3a2-893363273fd9.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: 2008-08-21
Reporting Person: MCMILLEN RUSSELL G (Director, Trustee for Russell McMillen)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2008-08-21 | Common Stock | F | 27160 | $14.75 | Disposed | 161840 | Direct |
| 2008-08-21 | Common Stock | M | 22500 | $9.33 | Acquired | 184340 | Direct |
| 2008-08-21 | Common Stock | M | 18750 | $10.17 | Acquired | 203090 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2008-08-21 | Non-qualified stock options | $9.33 | M | 22500 | Disposed | 2008-10-09 | Common Stock (22500) | Direct |
| 2008-08-21 | Non-qualified stock options | $10.17 | M | 18750 | Disposed | 2010-01-15 | Common Stock (18750) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 7300 | Indirect |
Footnotes
F1: 27,160 shares of previously acquired Eastern Company stock were surrendered to Eastern Treasury at the closing price on
August 21, 2008 of $14.75 per share, for the purchase of stock options by the Estate of Russell G. McMillen.
F2: 22,500 shares exercised on August 21, 2008 at $9.33 per share by the Estate of Russell G. McMillen. 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.
F3: 18,750 shares exercised on August 21, 2008 at $10.17 per share by the Estate of Russell G. McMillen. 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.
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. On August
21, 2008, 22,500 shares were exercised at $9.33 per share, leaving a zero balance.
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. On August 21, 2008, 18,750 shares were exercised at $10.17
per share, leaving a zero balance.