Sapack Kenneth 4

4 · EASTERN CO · Filed Jul 15, 2010

Form 4

Period: 2010-07-13

Chief Accounting Officer

Transactions

Sale
Common Stock
2010-07-13$13.90/sh−600$8,340→ 5,600 total
Exercise/Conversion
Common Stock
2010-07-15$9.50/sh+4,450$42,275→ 9,879 total
Award
Qualified employee stock option
2001-04-26+0→ 7,500 total
Exercise: $9.60From: 2002-01-01Exp: 2011-04-26→ Common Stock (7,500 underlying)
Sale
Common Stock
2010-07-13$14.02/sh−50$701→ 5,550 total
Sale
Common Stock
2010-07-13$14.16/sh−121$1,713→ 5,429 total
Exercise/Conversion
Qualified employee stock option
2010-07-15−4,450→ 0 total
Exercise: $9.50Exp: 2010-07-19→ Common Stock (4,450 underlying)
Sale
Common Stock
2010-07-13$13.85/sh−100$1,385→ 6,200 total

Footnotes (7)

[F1]On July 13, 2010, 100 shares sold on the open market for $13.85 per share.
[F2]On July 13, 2010, 600 shares sold on the open market for $13.90 per share.
[F3]On July 13, 2010, 50 shares sold on the open market for $14.02 per share.
[F4]On July 13, 2010, 121 shares sold on the open market for $14.16 per share.
[F5]4,450 shares were exercised on July 15, 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-for-2 stock split effective 10/18/2006, this option is now 22,500 shares at $9.50 per share.
[F6]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, on June 10, 2010 2,950 shares, on June 17, 2010 4,200 shares, on June 25, 2010 6,300 shares and on July 15, 2010 4,450 shares were exercised at $9.50 per share, leaving a zero balance.
[F7]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.

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