Form Type: 5

SEC EDGAR Link
Accession Number:0001567619-20-001348
Date:2019-12-31
Issuer: EASTERN CO (EML)
Original Submission Date:

Reporting Person:

VLAK AUGUST M.
112 BRIDGE STREET
NAUGATUCK, CT 06770

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2019-12-31 A 149 a $0.00 17,234 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
STOCK APPRECIATION RIGHTS 19.1 2017-03-02 deemed execution date A 0 (a) 2022-03-02 common stock 20,000 $19.10 20,000 direct
STOCK APPRECIATION RIGHTS 24.9 2018-02-07 deemed execution date A 0 (a) 2023-02-07 common stock 20,000 $24.90 40,000 direct
STOCK APPRECIATION RIGHTS 26.3 2019-02-25 deemed execution date A 0 (a) 2024-02-25 common stock 12,000 $26.30 52,000 direct
Footnotes
IDfootnote
f1 149 shares acquired at various prices for the period 9/6/2019 through 12/31/2019 under the eastern company dividend investment plan and the eastern company employee stock purchase plan.
f2 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 described 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.
f3 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 on february 1, 2021, 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 2020.
f4 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.
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