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EASTERN CO — Director's Dealing 2010
Jun 14, 2010
33928_dirs_2010-06-14_a8293f81-d5dc-4ffd-83e6-d4d24de48a97.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: 2010-06-10
Reporting Person: Sapack Kenneth (Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-06-10 | Common Stock | M | 2950 | $9.50 | Acquired | 2950 | Direct |
| 2010-06-14 | Common Stock | S | 657 | $14.30 | Disposed | 2293 | Direct |
| 2010-06-14 | Common Stock | S | 2293 | $14.10 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-06-10 | Qualified employee stock option | $9.50 | M | 2950 | Disposed | 2010-07-19 | Common Stock (17900) | Direct |
| 2001-04-26 | Qualified employee stock option | $9.60 | A | 0 | Acquired | 2011-04-26 | Common Stock (7500) | Direct |
Footnotes
F1: 2,950 shares were exercised on June 10, 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: On June 14, 2010, 657 shares sold on the open market for $14.30 per share.
F3: On June 14, 2010, 2,293 shares sold on the open market for $14.10 per share.
F4: 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 and on June 10, 2010 2,950 shares were exercised at $9.50 per share, leaving a balance of 14,950 shares.
F5: 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.