SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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).
1. Name and Address of Reporting Person*
LEGANZA LEONARD F
(Last) (First) (Middle)
112 BRIDGE STREET
(Street)
NAUGATUCK CT 06770
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
EASTERN CO [ EML ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman, President & CEO
3. Date of Earliest Transaction (Month/Day/Year)
09/19/2007
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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 Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock(1) 09/19/2007 S 700 D $20.35 71,886 D
Common Stock(2) 09/20/2007 S 1,500 D $20.5 70,386 D
Common Stock(3) 09/20/2007 S 1,000 D $20.45 69,386 D
Common Stock(4) 09/21/2007 S 200 D $22.04 69,186 D
Common Stock(5) 09/21/2007 S 800 D $22 68,386 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-qualified employee stock option(6) $7.95 12/16/1997 A 0 12/16/1997 12/16/1997 Common Stock 56,250 $0 56,250 D
Qualified employee stock option(7) $9.33 09/09/1998 A 0 09/09/1998 09/09/1998 Common Stock 10,712.25 $0 66,962.25 D
Non-qualified employee stock option(8) $9.33 09/09/1998 A 0 09/09/1998 09/09/1998 Common Stock 56,787.75 $0 123,750 D
Qualified employee stock option(9) $10.17 12/15/1999 A 0 12/15/1999 12/15/1999 Common Stock 19,671 $0 143,421 D
Non-qualified employee stock option(10) $10.17 12/15/1999 A 0 12/15/1999 12/15/1999 Common Stock 62,829 $0 206,250 D
Qualified employee stock option(11) $9.5 07/19/2000 A 0 (11) 07/19/2000 Common Stock 48,750 $0 255,000 D
Explanation of Responses:
1. September 19, 2007, 700 shares sold on the open market for $20.35 per share.
2. September 20, 2007, 1,500 shares sold on the open market for $20.50 per share.
3. September 20, 2007, 1,000 shares sold on the open market for $20.45 per share.
4. September 21, 2007, 200 shares sold on the open market for $22.04 per share.
5. September 21, 2007, 800 shares sold on the open market for $22.00 per share.
6. 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 and a 3-for-2 stock split effective 10/18/2006, this option is now 56,250 shares at $7.95 per share.
7. 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 and a 3-for-2 stock split effective 10/18/2006, this option is now 10,712.25 shares at $9.33 per share.
8. 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 and a 3-for-2 stock split effective 10/18/2006, this option is now 56,787.75 shares at $9.33 per share.
9. Original 12/15/1999 option was for 13,114 shares at $15.25 per share. As a result of a 3-for-2 stock split effective 10/18/2006, this option is now 19,671 shares at $10.17 per share.
10. Original 12/15/1999 option was for 41,886 shares at $15.25 per share. As a result of a 3-for-2 stock split effective 10/18/2006, this option is now 62,829 shares at $10.17 per share.
11. The original 7/19/2000 option was for 32,500 shares at $14.25 per share. 7,017 shares were vested on 1/1/2001; 7,017 shares were vested on 1/1/2002; 7,017 shares were vested on 1/1/2003; 7,017 shares were vested on 1/1/2004 and the remaining 4,432 shares vested on 1/1/2005. As a result of a 3-for2 stock split effective 10/18/2006, this option is now 48,750 shares at $9.50 per share.
/s/Leonard F. Leganza 09/21/2007
** 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).
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