EASTERN CO — Director's Dealing 2009

Jan 13, 2009

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: EASTERN CO (EML)
CIK: 0000031107
Period of Report: 2009-01-03

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-12-29	Common Stock	A	529	—	Acquired	15602	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
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: 529 shares acquired at various prices for the year 2008 under The Eastern Company Dividend Reinvestment Plan and The Eastern
Company Employee Stock Purchase Plan.

F2: 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.

F3: 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.

F4: 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.

F5: 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.