EASTERN CO 4
4 · EASTERN CO · Filed Mar 3, 2017
Insider Transaction Report
Form 4
EASTERN COEML
Labbadia Angelo
Vice President & COO
Transactions
- Award
Stock Appreciation Rights
2017-03-02+10,000→ 10,000 totalExercise: $19.10Exp: 2022-03-02→ Common Stock (10,000 underlying)
Holdings
- 0
Common Stock
Footnotes (1)
- [F1]On March 2, 2017, 10,000 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): 3,334 of the granted SARs vest on February 1, 2018; 3,333 of the granted SARs vest on February 1, 2019; and 3,333 of the granted SARs vest on February 1, 2020.