Statement of Changes in Beneficial Ownership (4)
May 20 2021 - 9:14AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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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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1. Name and Address of Reporting Person
*
Vlak August M. |
2. Issuer Name and Ticker or Trading Symbol
EASTERN CO
[
EML
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President & CEO |
(Last)
(First)
(Middle)
112 BRIDGE STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/4/2021 |
(Street)
NAUGATUCK, CT 06770
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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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)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class A Common Stock (1) | 2/4/2021 | | L | | 38 | A | $24.51 | 19202 | D | |
Class A Common Stock (1) | 3/5/2021 | | L | | 34 | A | $26.82 | 19236 | D | |
Class A Common Stock (2) | 3/15/2021 | | P |
V
| 8 | A | $26.51 | 19244 | D | |
Class A Common Stock (1) | 4/6/2021 | | L | | 42 | A | $27.51 | 19286 | D | |
Class A Common Stock (1) | 5/5/2021 | | L | | 31 | A | $29.29 | 19317 | D | |
Class A Common Stock (3) | 5/10/2021 | | M | | 16667 | A | $19.10 | 35984 | D | |
Class A Common Stock (3) | 5/10/2021 | | D | | 13062 | D | $31.21 | 22922 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Stock Appreciation Rights | $19.10 | 5/10/2021 | | M | | | 16667 | 2/1/2020 | 3/2/2022 | Common Stock | 16667 | $0 | 0 | D | |
Stock Appreciation Rights | $24.90 | 4/27/2021 | | A | | 20000 | | 2/1/2021 | 2/7/2023 | Common Stock | 20000 | $0 | 20000 | D | |
Explanation of Responses: |
(1) | Shares acquired under The Eastern Company Investors Choice Dividend Reinvestment and Direct Stock Purchase Sale Plan. |
(2) | Represents shares acquired by the reporting person through the reinvestment of dividends under The Eastern Company Investors Choice Dividend Reinvestment and Direct Stock Purchase Sale Plan. |
(3) | The reporting person received 3,605 shares of common stock upon the net exercise of 16,667 stock appreciation rights (SARs). A total of 13,062 shares of common stock underlying such SARs were withheld in the payment of the exercise price and to satisfy the withholding tax obligation resulting from the exercise. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Vlak August M. 112 BRIDGE STREET NAUGATUCK, CT 06770 | X |
| President & CEO |
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Signatures
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/s/August M. Vlak | | 5/20/2021 |
**Signature of Reporting Person | Date |
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