LEGANZA LEONARD F 4
4 · EASTERN CO · Filed Jun 23, 2010
Insider Transaction Report
Form 4
EASTERN COEML
LEGANZA LEONARD F
DirectorChairman, President & CEO
Transactions
- Exercise/Conversion
Common Stock
2010-06-22$9.50/sh+48,750$463,125→ 127,110 total - Exercise/Conversion
Qualified employee stock option
2010-06-22−48,750→ 0 totalExercise: $9.50Exp: 2010-07-19→ Common Stock (48,750 underlying) - Tax Payment
Common Stock
2010-06-22$14.58/sh−31,764$463,119→ 78,360 total
Footnotes (3)
- [F1]31,764 shares of previously acquired Eastern Company stock were surrendered to Eastern Treasury at the closing price on June 21, 2010 of $14.58 per share, for the purchase of stock options by Mr. Leganza.
- [F2]48,750 shares were exercised on June 22, 2010 by Mr. Leganza. 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.
- [F3]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. On June 22, 2010, 48,750 shares were exercised at $9.50 per share, leaving a zero balance.