EASTERN CO — Director's Dealing 2010

Jun 14, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTERN CO (EML)
CIK: 0000031107
Period of Report: 2010-06-10

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-06-10	Common Stock	A	188	—	Acquired	21860	Direct
2010-06-10	Common Stock	S	2500	$13.50	Disposed	19360	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2000-07-19	Qualified employee stock option	$9.50	A	0	Acquired	2000-07-19	Common Stock (30000)	Direct
2001-04-26	Qualified employee stock option	$9.60	D	0	Acquired	2011-04-26	Common Stock (22500)	Direct

Footnotes

F1: 188 shares acquired at various prices for the period of January 1, 2010 through June 1, 2010 under The Eastern Company Dividend Reinvestment Plan and The Eastern Company Employee Stock Purchase Plan.

F2: On June 10, 2010, 2,500 shares sold on the open market for $13.50 per share.

F3: The 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 30,000 shares at $9.50 per share.

F4: The 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.