Ownership Submission
FORM 5
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
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
LEGANZA LEONARD F
 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
(Last)
(First)
(Middle)

112 BRIDGE STREET		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2006
(Street)


NAUGATUCK, CT 06770		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(check applicable line)

_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
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 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 (1)             28,887 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. 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 control number. SEC 2270 (9-02)

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 Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: 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 (2) $ 6.61 09/17/1997   A 0   09/17/1997 09/17/2007 Common Stock
15,124.5
$ 0 15,124.5
D
 
Non-qualified employee stock option (3) $ 6.61 09/17/1997   A 0   09/17/1997 09/17/2007 Common Stock
29,875.5
$ 0 45,000
D
 
Non-qualified employee stock option (4) $ 7.95 12/16/1997   A 0   12/16/1997 12/16/2007 Common Stock
56,250
$ 0 101,250
D
 
Qualified employee stock option (5) $ 9.33 09/09/1998   A 0   09/09/1998 09/09/2008 Common Stock
10,712.25
$ 0 111,962.25
D
 
Non-qualified employee stock option (6) $ 9.33 09/09/1998   A 0   09/09/1998 09/09/2008 Common Stock
56,787.75
$ 0 168,750
D
 
Qualified employee stock option (7) $ 10.17 12/15/1999   A 0   12/15/1999 12/15/2009 Common Stock
19,671
$ 0 188,421
D
 
Non-qualified employee stock option (8) $ 10.17 12/15/1999   A 0   12/15/1999 12/15/2009 Common Stock
62,829
$ 0 251,250
D
 
Qualified employee stock option (9) $ 9.5 07/19/2000   A 0     (9) 07/19/2010 Common Stock
48,750
$ 0 300,000
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
LEGANZA LEONARD F
112 BRIDGE STREET
NAUGATUCK, CT 06770		   X     Chairman, President & CEO  

Signatures

/s/Leonard F. Leganza 01/16/2007
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) 19,258 shares at the end of 2005 became 28,887 shares as the resulf of a 3-for-2 stock split effective 10/18/2006.
(2) 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 and a 3-for-2 stock split effective 10/18/2006, this option became an option for 15,124.5 shares at $6.61 per share.
(3) 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 and a 3-for-2 stock split effective 10/18/2006, this option became an option for 29,875.5 shares at $6.61 per share.
(4) 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.
(5) 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.
(6) 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.
(7) Original 12/15/1999 option was for 13,114 shares at $15.25 per shares. 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 shares.
(8) Original 12/15/1999 option was for 41,886 shares at $15.25 per shares. 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 shares.
(9) 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 vested on 1/1/2003; 7,017 shares were vested on 1/1/2004 and the remaining 4,432 shares were vested on 1/1/2005. As a result of a 3-for-2 stock split effective 10/18/2006, this option is now 48,750 shares at $9.50 per share.

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