FORM 5 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
Form 3 Holdings Reported. | |||||||||||||||||
Form 4 Transactions Reported. |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
EASTERN CO [ EML ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Statement for Issuer's Fiscal Year Ended
(Month/Day/Year) 12/31/2005 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | |||||||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||||||
Amount | (A) or (D) | Price | |||||||||||||
Common Stock | 19,258 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | ||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
(A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | |||||||||
Qualified employee stock option(1) | $9.92 | 09/17/1997 | A | 0 | 09/17/1997 | 09/17/2007 | Common Stock | 10,083 | $0 | 10,083 | D | |||
Non-qualified employee stock option(2) | $9.92 | 09/17/1997 | A | 0 | 09/17/1997 | 09/17/2007 | Common Stock | 19,917 | $0 | 30,000 | D | |||
Non-qualified employee stock option(3) | $11.92 | 12/16/1997 | A | 0 | 12/16/1997 | 12/16/2007 | Common Stock | 37,500 | $0 | 67,500 | D | |||
Qualified employee stock option(4) | $14 | 09/09/1998 | A | 0 | 09/09/1998 | 09/09/2008 | Common Stock | 7,141.5 | $0 | 74,641.5 | D | |||
Non-qualified employee stock option(5) | $14 | 09/09/1998 | A | 0 | 09/09/1998 | 09/09/2008 | Common Stock | 37,858.5 | $0 | 112,500 | D | |||
Qualified employee stock option | $15.25 | 12/15/1999 | A | 0 | 12/15/1999 | 12/15/2009 | Common Stock | 13,114 | $0 | 125,614 | D | |||
Non-qualified employee stock option | $15.25 | 12/15/1999 | A | 0 | 12/15/1999 | 12/15/2009 | Common Stock | 41,886 | $0 | 167,500 | D | |||
Qualified employee stock option | $14.25 | 07/19/2000 | A | 0 | (6) | 07/19/2010 | Common Stock | 32,500 | $0 | 200,000 | D |
Explanation of Responses: |
1. Original 9/17/1997 option was for 6,722 shares at $14.875 per share. As a result of a 3-for-2 stock split effective 5/28/1999 this option became an option for 10,083 shares at $9.92 per share. |
2. Original 9/17/1997 option was for 13,278 shares at $14.875 per share. As a result of a 3-for-2 stock split effective 5/28/1999 this option became an option for 19,917 shares at $9.92 per share. |
3. Original 12/16/1997 option was for 25,000 shares at $17.875 per share. As a result of a 3-for-2 stock split effective 5/28/1999 this option is now 37,500 shares at $11.92 per share. |
4. Original 9/9/1998 option was for 4,761 shares at $21.00 per share. As a result of a 3-for-2 stock split effective 5/28/1999 this option is now 7,141.5 shares at $14.00 per share. |
5. Original 9/9/1998 option was for 25,239 shares at $21.00 per share. As a result of a 3-for-2 stock split effective 5/28/1999 this option is now 37,858.5 shares at $14.00 per share. |
6. Options to acquire 7,017 shares vested on 1/1/2001, options to acquire another 7,017 shares vested on 1/1/2002, options to acquire another 7,017 shares vested on 1/1/2003, options to acquire another 7,017 vested on 1/1/2004 and options to acquire the remaining 4,432 shares vested on 1/1/2005. |
/s/Leonard F. Leganza | 01/11/2006 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |