EASTERN CO — Director's Dealing 2009

Dec 11, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTERN CO (EML)
CIK: 0000031107
Period of Report: 2009-12-11

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-12-11	Common Stock	M	2500	$10.17	Acquired	26250	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-12-11	Non-qualified employee stock option	$10.17	M	2500	Disposed	2009-12-15	Common Stock (2500)	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: 2,500 shares were exercised on December 11, 2009 at $10.17 per share. 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. On July 6, 2009, 2,500 shares were exercised, on September 1, 2009 2,500 shares were exercised, on September
25, 2009 2,500 shares were exercised, on November 9, 2009 2,500 shares were exercised, on November 13, 2009 2,500 shares
were exercised, and on December 11, 2009 2,500 shares were exercised at $10.17 per share leaving a zero balance.

F2: 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. On July 6, 2009, 2,500 shares were exercised, on
September 1, 2009 2,500 shares were exercised, on September 25, 2009 2,500 shares were exercised, on November 9, 2009
2,500 shares, on November 13, 2009 2,500 shares were exercised, and on December 11, 2009 2,500 shares were exercised at
$10.17 per share leaving a zero balance.

F3: 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.

F4: 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.