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EASTERN CO — Director's Dealing 2019
Jan 23, 2019
33928_dirs_2019-01-23_f1d9e5b5-5c1c-413f-82ad-b753282485ab.zip
Director's Dealing
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SEC Form 5 — Annual Statement of Changes in Beneficial Ownership
Issuer: EASTERN CO (EML)
CIK: 0000031107
Period of Report: 2018-12-31
Reporting Person: Vlak August M. (President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-12-31 | Common Stock | A | 140 | — | Acquired | 11016 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-03-02 | Stock Appreciation Rights | $19.10 | A | 0 | Acquired | 2022-03-02 | Common Stock (20000) | Direct |
| 2018-02-07 | Stock Appreciation Rights | $24.90 | A | 0 | Acquired | 2023-02-07 | Common Stock (20000) | Direct |
Footnotes
F1: 140 shares acquired at various prices for the period 8/15/2018 through 12/31/2018 under The Eastern Company Dividend Investment Plan and The Eastern Company Employee Stock Purchase Plan.
F2: On March 2, 2017, 20,000 stock appreciation rights ("SARs") were granted to the reporting person pursuant to the terms of The Eastern Company 2010 Executive Stock Incentive Plan and a stock appreciation rights agreement, at an exercise price of $19.10 per SAR. These SARs shall vest and become exercisable as follows (provided the reporting person remains an employee of the issuer on each applicable vesting date, and the issuer meets certain performance thresholds described in the stock appreciation rights agreement): 6,667 of the granted SARs vest on February 1, 2018; 6,667 of the granted SARs vest on February 1, 2019; and 6,666 of the granted SARs vest on February 1, 2020.
F3: On February 7, 2018, 20,000 stock appreciation rights ("SARs") were granted to the reporting person pursuant to the terms of The Eastern Company 2010 Executive Stock Incentive Plan and a stock appreciation rights agreement, at an exercise price of $24.90 per SAR. These SARs shall vest and become exercisable on February 1, 2021, provided the reporting person remains an employee of the issuer on the vesting date and the issuer achieves its Book Value Target at the close of December FY 2020.