EASTERN CO — Director's Dealing 2008

Mar 11, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTERN CO (EML)
CIK: 0000031107
Period of Report: 2008-03-07

Reporting Person: MCMILLEN RUSSELL G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-03-07	Common Stock	S	1000	$14.982	Disposed	193955	Direct
2008-03-10	Common Stock	S	1000	$15.16	Disposed	192955	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
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	7300	Indirect

Footnotes

F1: March 7, 2008, 1,000 shares sold on the open market for $14.982 per share.

F2: March 10, 2008, 1,000 shares sold on the open market for $15.16 per share.

F3: 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.

F4: 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.