EASTERN CO — Director's Dealing 2010

Jun 4, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTERN CO (EML)
CIK: 0000031107
Period of Report: 2010-06-02

Reporting Person: Sapack Kenneth (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-06-02	Common Stock	M	2100	$9.50	Acquired	2100	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-06-02	Qualified employee stock option	$9.50	M	2100	Disposed	2010-07-19	Common Stock (20000)	Direct
2001-04-26	Qualified employee stock option	$9.60	A	0	Acquired	2011-04-26	Common Stock (7500)	Direct

Footnotes

F1: 2,100 shares were exercised on June 2, 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-for2 stock split effective 10/18/2006, this option is now 22,500 shares at $9.50 per share.

F2: 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 and on June 2, 2010 2,100 shares were exercised at $9.50 per share, leaving a balance of 17,900 shares.

F3: 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.