0001567619-20-005847.txt : 20200306
0001567619-20-005847.hdr.sgml : 20200306
20200306171706
ACCESSION NUMBER: 0001567619-20-005847
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200304
FILED AS OF DATE: 20200306
DATE AS OF CHANGE: 20200306
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SULLIVAN JOHN L III
CENTRAL INDEX KEY: 0001187212
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35383
FILM NUMBER: 20695804
MAIL ADDRESS:
STREET 1: 13 CEDAR DRIVE
CITY: CROMWELL
STATE: CT
ZIP: 06416
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: EASTERN CO
CENTRAL INDEX KEY: 0000031107
STANDARD INDUSTRIAL CLASSIFICATION: CUTLERY, HANDTOOLS & GENERAL HARDWARE [3420]
IRS NUMBER: 060330020
STATE OF INCORPORATION: CT
FISCAL YEAR END: 1228
BUSINESS ADDRESS:
STREET 1: 112 BRIDGE ST
STREET 2: P O BOX 460
CITY: NAUGATUCK
STATE: CT
ZIP: 06770
BUSINESS PHONE: 2037292255
MAIL ADDRESS:
STREET 1: 112 BRIDGE STREET
STREET 2: P O BOX 460
CITY: NAUGATUCK
STATE: CT
ZIP: 06770
4
1
doc1.xml
FORM 4
X0306
4
2020-03-04
0
0000031107
EASTERN CO
EML
0001187212
SULLIVAN JOHN L III
112 BRIDGE STREET
NAUGATUCK
CT
06770
0
1
0
0
Vice President & CFO
Common Stock
2020-03-04
5
A
0
16
A
29766
D
Common Stock
2020-03-04
5
P
0
174
24.50
A
29940
D
Common Stock
2020-03-05
5
P
0
226
24.50
A
30166
D
Common Stock
2020-03-06
5
P
0
226
25.97
A
30392
D
Stock Appreciation
19.10
2017-03-02
4
A
0
10000
0
A
2022-03-02
Common Stock
10000
10000
D
Stock Appreciation
24.90
2018-02-07
4
A
0
10000
0
A
2023-02-08
Common Stock
10000
10000
D
Stock Appreciation
26.30
2019-02-25
4
A
0
5000
0
A
2024-02-25
Common Stock
5000
5000
D
16 shares acquired at various prices for the period 1/1/2020 through 3/4/2020 under The Eastern Company Dividend Reinvestment Plan and The Eastern Company Employee Stock Purchase Plan.
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 1,667 of the granted SARs vest on February 1, 2020.
On February 7, 2018, 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 $24.90 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): 10,000 of the granted SARs vest on February 7, 2021.
On February 25, 2019, 5,000 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.
/s/John L. Sullivan III
2020-03-06