LEGANZA LEONARD F 4

4 · EASTERN CO · Filed Dec 16, 2009

Form 4

Period: 2009-12-15

DirectorChairman, President & CEO

Transactions

Exercise/Conversion
Common Stock
2009-12-15$10.17/sh+19,671$200,054→ 110,124 total
Exercise/Conversion
Qualified employee stock option
2009-12-15−19,671→ 0 total
Exercise: $10.17From: 1999-12-15Exp: 1999-12-15→ Common Stock (19,671 underlying)
Award
Qualified employee stock option
2000-07-19+0→ 48,750 total
Exercise: $9.50Exp: 2000-07-19→ Common Stock (48,750 underlying)
Disposition to Issuer
Non-qualified employee stock option
1999-12-15−62,829→ 0 total
Exercise: $10.17From: 1999-12-15Exp: 1999-12-15→ Common Stock (62,829 underlying)

Footnotes (4)

[F1]19,671 shares were exercised on December 15, 2009 at $10.17 per share. Original 12/15/1999 option was for 13,114 shares at $15.25 per share. As a result of a 3-for-2 stock split effective 10/18/2006, this option is now 19,671 shares at $10.17 per share.
[F2]Original 12/15/1999 option was for 13,114 shares at $15.25 per share. As a result of a 3-for-2 stock split effective 10/18/2006, this option is now 19,671 shares at $10.17 per share. On December 15, 2009, 19,671 shares were exercised at $10.17 per share, leaving a zero balance.
[F3]Original 12/15/1999 option was for 41,886 shares at $15.25 per share. As a result of a 3-for-2 stock split effective 10/18/2006, this option is now 62,829 shares at $10.17 per share. On December 15, 2009 these options lapsed.
[F4]The original 7/19/2000 option was for 32,500 shares at $14.25 per share. 7,017 shares were vested on 1/1/2001; 7,017 shares were vested on 1/1/2002; 7,017 shares were vested on 1/1/2003; 7,017 shares were vested on 1/1/2004 and the remaining 4,432 shares vested on 1/1/2005. As a result of a 3-for2 stock split effective 10/18/2006, this option is now 48,750 shares at $9.50 per share.

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