Filing Details

Accession Number:
0001567619-20-005708
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-03-05 13:48:38
Reporting Period:
2020-03-03
Accepted Time:
2020-03-05 13:48:38
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
31107 Eastern Co EML Cutlery, Handtools & General Hardware (3420) 060330020
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1663158 M. August Vlak 112 Bridge Street
Naugatuck CT 06770
President & Ceo No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2020-03-03 96 $0.00 17,330 No 4 A Direct
Common Stock Acquisiton 2020-03-03 1,000 $25.70 18,330 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Appreciation Rights Acquisiton 2017-03-02 20,000 $0.00 20,000 $19.10
Common Stock Stock Appreciation Rights Acquisiton 2018-02-07 20,000 $0.00 20,000 $24.90
Common Stock Stock Appreciation Rights Acquisiton 2019-02-25 12,000 $0.00 12,000 $26.30
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
20,000 2022-03-02 No 4 A Direct
20,000 2023-02-08 No 4 A Direct
12,000 2024-02-25 No 4 A Direct
Footnotes
  1. 96 shares acquired at various prices for the period 1/1/2020 through 3/3/2020 under The Eastern Company Dividend Investment Plan and The Eastern Company Employee Stock Purchase Plan.
  2. 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 prescribed 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.
  3. 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 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): 20,000 of the granted SARs vest on February 7, 2021.
  4. 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.