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Filing Details

Accession Number:: 0001567619-20-005708
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-03-05 13:48:38
Reporting Period:: 2020-03-03

Accepted Time:: 2020-03-05 13:48:38
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
31107	Eastern Co	EML	Cutlery, Handtools & General Hardware (3420)	060330020

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1663158	M. August Vlak	112 Bridge Street Naugatuck CT 06770	President & Ceo	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2020-03-03	96	$0.00	17,330	No	4	A	Direct
Common Stock	Acquisiton	2020-03-03	1,000	$25.70	18,330	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	A	Direct
No	4	P	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Appreciation Rights	Acquisiton	2017-03-02	20,000	$0.00	20,000	$19.10
Common Stock	Stock Appreciation Rights	Acquisiton	2018-02-07	20,000	$0.00	20,000	$24.90
Common Stock	Stock Appreciation Rights	Acquisiton	2019-02-25	12,000	$0.00	12,000	$26.30

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
20,000	2022-03-02	No	4	A	Direct
20,000	2023-02-08	No	4	A	Direct
12,000	2024-02-25	No	4	A	Direct

Footnotes

96 shares acquired at various prices for the period 1/1/2020 through 3/3/2020 under The Eastern Company Dividend Investment Plan and The Eastern Company Employee Stock Purchase Plan.
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 prescribed 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.
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 as follows (provided the reporting person remains an employee of the issuer on each applicable vesting date, and the issuer meets certain performance thresholds prescribed in the stock appreciation rights agreement): 20,000 of the granted SARs vest on February 7, 2021.
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.