EASTERN CO — Director's Dealing 2020

Jan 22, 2020

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: EASTERN CO (EML)
CIK: 0000031107
Period of Report: 2019-12-31

Reporting Person: Vlak August M. (President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-12-31	Common Stock	A	149	—	Acquired	17234	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
2019-02-25	Stock Appreciation Rights	$26.30	A	0	Acquired	2024-02-25	Common Stock (12000)	Direct

Footnotes

F1: 149 shares acquired at various prices for the period 9/6/2019 through 12/31/2019 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.

F4: On February 25, 2019, 12,000 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 $26.30 per SAR. These SARs shall vest and become exercisable on February 1, 2022, 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 2021.