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EASTERN CO — Director's Dealing 2010
Oct 28, 2010
33928_dirs_2010-10-28_87857581-c4f8-4a64-8c44-ecb9febc5b49.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: 2010-10-28
Reporting Person: Sapack Kenneth (Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-10-28 | Common Stock | M | 7500 | $9.60 | Acquired | 7500 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-10-28 | Qualified employee stock option | $9.60 | M | 7500 | Disposed | 2011-04-26 | Common Stock (7500) | Direct |
Footnotes
F1: 7,500 shares were exercised on October 28, 2010 at $9.60 per share by Mr. Sapack. The original 4/26/2001 option was for 5,000 shares at $14.40 per share. As a result of a 3-for-2 stock split effective 10/18/2006 this option is now for 7,500 shares at $9.60 per share.
F2: The original 4/26/2001 option was for 5,000 shares at $14.40 per share. As a result of a 3-for-2 stock split effective 10/18/2006 this option is now for 7,500 shares at $9.60 per share. On October 28, 2010 7,500 shares were exercised at $9.60 per share, leaving a zero balance.