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EASTERN CO — Director's Dealing 2010
Jul 15, 2010
33928_dirs_2010-07-15_bc81b5b2-d77c-4697-b6ef-29d7e07d70eb.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: 2010-07-13
Reporting Person: Sapack Kenneth (Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-07-13 | Common Stock | S | 100 | $13.85 | Disposed | 6200 | Direct |
| 2010-07-13 | Common Stock | S | 600 | $13.90 | Disposed | 5600 | Direct |
| 2010-07-13 | Common Stock | S | 50 | $14.02 | Disposed | 5550 | Direct |
| 2010-07-13 | Common Stock | S | 121 | $14.16 | Disposed | 5429 | Direct |
| 2010-07-15 | Common Stock | M | 4450 | $9.50 | Acquired | 9879 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-07-15 | Qualified employee stock option | $9.50 | M | 4450 | Disposed | 2010-07-19 | Common Stock (4450) | Direct |
| 2001-04-26 | Qualified employee stock option | $9.60 | A | 0 | Acquired | 2011-04-26 | Common Stock (7500) | Direct |
Footnotes
F1: On July 13, 2010, 100 shares sold on the open market for $13.85 per share.
F2: On July 13, 2010, 600 shares sold on the open market for $13.90 per share.
F3: On July 13, 2010, 50 shares sold on the open market for $14.02 per share.
F4: On July 13, 2010, 121 shares sold on the open market for $14.16 per share.
F5: 4,450 shares were exercised on July 15, 2010 at $9.50 per share. The original 7/19/2000 option was for 15,000 shares at $14.25 per share. 7,017 shares were vested on 7/19/2000; 7,017 shares were vested on 1/1/2001; and 966 shares were vested on 1/1/2002. As a result of a 3-for-2 stock split effective 10/18/2006, this option is now 22,500 shares at $9.50 per share.
F6: The original 7/19/2000 option was for 15,000 shares at $14.25 per share. 7,017 shares were vested on 7/19/2000; 7,017 shares were vested on 1/1/2001; and 966 shares were vested on 1/1/2002. As a result of a 3-for2 stock split effective 10/18/2006, this option is now 22,500 shares at $9.50 per share. On April 23, 2010 1,000 shares were exercised, on May 18, 2010 1,500 shares were exercised, on June 2, 2010 2,100 shares, on June 10, 2010 2,950 shares, on June 17, 2010 4,200 shares, on June 25, 2010 6,300 shares and on July 15, 2010 4,450 shares were exercised at $9.50 per share, leaving a zero balance.
F7: 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.