EASTERN CO — Director's Dealing 2008

Aug 13, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTERN CO (EML)
CIK: 0000031107
Period of Report: 2008-08-12

Reporting Person: TUTTLE DONALD S III (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-12	Common Stock	M	22500	$9.33	Acquired	76800	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-08-12	Non-qualified stock options	$9.33	M	22500	Disposed	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	36825	Indirect

Footnotes

F1: 22,500 shares exercised on August 12, 2008 at $9.33 per share. 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 5/28/1999 and a 3-for-2 stock split effective 10/18/2006,
this option is now an option for 22,500 shares at $9.33 per share.

F2: 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
5/28/1999 and a 3-for-2 stock split effective 10/18/2006, this option is now an option for 22,500 shares at $9.33 per share.
On August 12, 2008, 22,500 shares were exercised at $9.33, leaving a zero balance.

F3: The original option on 12/15/1999 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 an option for 18,750 shares at $10.17 per share.