<SEC-DOCUMENT>0001091818-14-000148.txt : 20140425
<SEC-HEADER>0001091818-14-000148.hdr.sgml : 20140425
<ACCEPTANCE-DATETIME>20140425103432
ACCESSION NUMBER:		0001091818-14-000148
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20140425
DATE AS OF CHANGE:		20140425

SUBJECT COMPANY:	

	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:			0102

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-15810
		FILM NUMBER:		14783566

	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

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			JAM Capital Partners Management, LLC
		CENTRAL INDEX KEY:			0001602116
		IRS NUMBER:				271635542

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		16 BOARDWALK PLAZA
		CITY:			ST. SIMONS ISLAND
		STATE:			GA
		ZIP:			31522
		BUSINESS PHONE:		912.399.7570

	MAIL ADDRESS:	
		STREET 1:		16 BOARDWALK PLAZA
		CITY:			ST. SIMONS ISLAND
		STATE:			GA
		ZIP:			31522
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>jamc0425201413deastern.htm
<DESCRIPTION>BENEFICIALLY OWNERSHIP REPORT AMENDED
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<P style="margin:0pt; font-size:10pt" align=center><B>UNITED STATES</B></P>
<P style="margin:0pt; font-size:10pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0pt; font-size:10pt" align=center><B>Washington, D.C. 20549</B></P>
<P style="margin:0pt" align=center>&nbsp;</P>
<P style="line-height:15.5pt; margin:0pt; font-size:13.5pt" align=center><B>SCHEDULE 13D</B></P>
<P style="margin:0pt" align=center>&nbsp;</P>
<P style="margin:0pt; font-size:10pt" align=center>Under the Securities Exchange Act of 1934</P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center><B>(Amendment No. 1)*</B></P>
<P style="margin:0pt" align=center>&nbsp;</P>
<P style="margin:0pt; font-size:10pt" align=center><B><U>The Eastern Company</U></B></P>
<P style="margin:0pt; font-size:10pt" align=center>(Name of Issuer)</P>
<P style="margin:0pt">&nbsp;</P>
<P style="margin:0pt; font-size:10pt" align=center><B><U>Common Stock, no par value</U></B></P>
<P style="margin:0pt; font-size:10pt" align=center>(Title of Class of Securities)</P>
<P style="margin:0pt">&nbsp;</P>
<P style="margin:0pt; font-size:10pt" align=center><B><U>276317104</U></B></P>
<P style="margin:0pt; font-size:10pt" align=center>(CUSIP Number)</P>
<P style="margin:0pt" align=center>&nbsp;</P>
<P style="margin:0pt; font-family:Times New Roman Bold; font-size:10pt" align=center><FONT FACE="Times New Roman Bold"><B>JAM Capital Partners Management, LLC</B></FONT></P>
<P style="margin:0pt; font-family:Times New Roman Bold; font-size:10pt" align=center><B>Attn: Cliff Orr</B></P>
<P style="margin:0pt; font-family:Times New Roman Bold; font-size:10pt" align=center><B>16 Boardwalk Plaza</B></P>
<P style="margin:0pt; font-family:Times New Roman Bold; font-size:10pt" align=center><B><U>St. Simons Island, GA 31522</U></B></P>
<P style="margin:0pt" align=center>&nbsp;</P>
<P style="margin:0pt; font-size:10pt" align=center><FONT FACE="Times New Roman">(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)</FONT></P>
<P style="margin:0pt">&nbsp;</P>
<P style="margin:0pt; font-size:10pt" align=center><B><U>April 23, 2014</U></B></P>
<P style="margin:0pt; font-size:10pt" align=center>(Date of Event which Requires Filing of this Statement)</P>
<P style="margin:0pt" align=center>&nbsp;</P>
<P style="line-height:normal; margin:0pt; font-size:10pt">If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of &#167;&#167;240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. <FONT FACE="Wingdings">&#168;</FONT></P>
<P style="margin:0pt">&nbsp;</P>
<P style="margin:0pt; font-size:10pt"><B>Note:</B> Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See &#167;&nbsp;240.13d-7 for other parties to whom copies are to be sent.</P>
<P style="margin:0pt">&nbsp;</P>
<P style="margin:0pt; font-size:10pt">* The remainder of this cover page shall be filled out for a reporting person&#146;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.</P>
<P style="margin:0pt">&nbsp;</P>
<P style="margin:0pt; font-size:10pt">The information required on the remainder of this cover page shall not be deemed to be &#147;filed&#148; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&#147;Act&#148;) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt">&nbsp;</P>
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<BR></P>
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    <TR><TD width=178.7></TD><TD width=5.25></TD><TD width=168.2></TD><TD width=5.25></TD><TD width=168.2></TD></TR>
    <TR><TD width=238.267>&nbsp;</TD><TD width=7>&nbsp;</TD><TD width=224.267>&nbsp;</TD><TD width=7>&nbsp;</TD><TD width=224.267>&nbsp;</TD></TR>
    <TR><TD valign=bottom width=238.267><P style="line-height:11pt; margin:0pt; font-size:9pt">CUSIP No. 276317104</P>
    </TD><TD valign=bottom width=7><P style="margin:0pt; font-size:9pt">&nbsp;</P>
    </TD><TD valign=bottom width=224.267><P style="line-height:11pt; margin:0pt; font-size:9pt" align=center>13D</P>
    </TD><TD valign=bottom width=7><P style="margin:0pt; font-size:9pt">&nbsp;</P>
    </TD><TD valign=top width=224.267><P style="line-height:normal; margin-top:3.55pt; margin-bottom:2.15pt; text-indent:92pt; font-size:9.5pt">Page 2 of 3 Pages</P>
    </TD></TR>
    <TR><TD valign=bottom width=238.267><P style="margin:0pt; font-size:9pt">&nbsp;</P>
    </TD><TD valign=bottom width=7><P style="margin:0pt; font-size:9pt">&nbsp;</P>
    </TD><TD valign=bottom width=224.267>&nbsp;</TD><TD valign=bottom width=7><P style="margin:0pt; font-size:9pt">&nbsp;</P>
    </TD><TD valign=bottom width=224.267>&nbsp;</TD></TR>
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    <TR><TD width=126.9></TD><TD width=351.9></TD></TR>
    <TR><TD style="border:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt">1.&nbsp;&nbsp;Names of Reporting Persons.</P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt"><B>&nbsp;JAM Capital Partners Management, LLC</B></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=638.4 colspan=2>&nbsp;</TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt">2.&nbsp;&nbsp;Check the Appropriate Box if a Member of a Group</P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt">(a) <FONT FACE="Wingdings">o</FONT></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt">(b) <FONT FACE="Wingdings">o</FONT></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=638.4 colspan=2>&nbsp;</TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt">3.&nbsp;&nbsp;SEC Use Only</P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt">4.&nbsp;&nbsp;Source of Funds</P>
    <P style="margin:0pt; font-size:10pt"><B>OO</B></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=638.4 colspan=2>&nbsp;</TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt">5.&nbsp;&nbsp;Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)</P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-family:Wingdings; font-size:10pt"><FONT FACE="Wingdings">o</FONT></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt"><FONT FACE="Times New Roman">6.&nbsp;&nbsp;Citizenship or Place of Organization </FONT></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt"><B>Delaware</B></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=169.2 rowspan=11><P style="margin:0pt"><BR></P>
    <P style="margin:0pt"><BR></P>
    <P style="margin:0pt; font-size:10pt">&nbsp;&nbsp;&nbsp;Number of Shares</P>
    <P style="margin:0pt; font-size:10pt">&nbsp;&nbsp;&nbsp;Beneficially</P>
    <P style="margin:0pt; font-size:10pt">&nbsp;&nbsp;&nbsp;Owned by</P>
    <P style="margin:0pt; font-size:10pt">&nbsp;&nbsp;&nbsp;Each Reporting</P>
    <P style="margin:0pt; font-size:10pt">&nbsp;&nbsp;&nbsp;Person With:</P>
    <P style="margin:0pt; font-size:10pt">&nbsp;</P>
    <P style="margin:0pt; font-size:10pt">&nbsp;</P>
    </TD><TD style="border-right:0.5pt solid #000000" valign=top width=469.2><P style="margin:0pt; font-size:10pt">7.&nbsp;&nbsp;Sole Voting Power</P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=469.2><P style="margin:0pt; font-size:10pt"><B>0</B></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=469.2>&nbsp;</TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=469.2><P style="margin:0pt; font-size:10pt">8.&nbsp;&nbsp;Shared Voting Power</P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=469.2><P style="margin:0pt; font-size:10pt"><B>0</B></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=469.2>&nbsp;</TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=469.2><P style="margin:0pt; font-size:10pt">9.&nbsp;&nbsp;Sole Dispositive Power</P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=469.2><P style="margin:0pt; font-size:10pt"><B>0</B></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=469.2>&nbsp;</TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=469.2><P style="margin:0pt; font-size:10pt">10.&nbsp;&nbsp;Shared Dispositive Power</P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=469.2><P style="margin:0pt; font-size:10pt"><B>0</B></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=638.4 colspan=2>&nbsp;</TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-top:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt">11.&nbsp;&nbsp;Aggregate Amount Beneficially Owned by Each Reporting Person</P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt"><B>0</B></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt">12.&nbsp;&nbsp;Check if the Aggregate Amount in Row (11) Excludes Certain Shares</P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-family:Wingdings; font-size:10pt"><FONT FACE="Wingdings">o</FONT></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt"><FONT FACE="Times New Roman">13.&nbsp;&nbsp;Percent of Class Represented by Amount in Row (11)</FONT></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt"><B>0.0%</B></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt">14.&nbsp;&nbsp;Type of Reporting Person</P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt"></P>
    <P style="margin:0pt; font-size:10pt"><B>IA</B></P>
    </TD></TR>
  </TABLE>
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<P style="margin:0pt"><BR></P>
<P style="margin:0pt; font-size:10pt" align=justify>Reference is hereby made to the statement on Schedule 13D filed with the Securities and Exchange Commission dated March 17, 2014 (the &#147;Schedule 13D&#148;), with respect to the Common Stock, no par value (the &#147;Common Stock&#148;), of The Eastern Company, a Connecticut corporation (the &#147;Corporation&#148;). Capitalized terms not otherwise defined herein are used as defined in the Schedule 13D. The Reporting Person hereby amends and supplements the Schedule 13D as follows.</P>
<P style="margin:0pt" align=justify>&nbsp;</P>
<P style="margin:0pt; font-size:10pt" align=justify><B>ITEM 5. INTEREST IN SECURITIES OF THE ISSUER</B></P>
<P style="margin:0pt" align=justify><BR>Item 5 (a), (c) and (e) is hereby amended and restated in its entirety to read as follows:</P>
<P style="margin:0pt" align=justify>&nbsp;</P>
<P style="margin:0pt; font-size:10pt" align=justify>(a) As of the date of this filing, the Reporting Person does not beneficially own shares of the Common Stock.</P>
<P style="margin:0pt; font-size:10pt" align=justify>&nbsp;</P>
<P style="margin:0pt; font-size:10pt" align=justify>(c) On April 23, 2014, all 319,857 Shares beneficially owned by the Reporting Person were sold in a block trade at a price of $16.00 per share, not including any brokerage fees.</P>
<P style="margin:0pt; font-size:10pt" align=justify>&nbsp;</P>
<P style="margin:0pt; font-size:10pt" align=justify>(e) The Reporting Person ceased to be the beneficial owner of more than five percent of the Common Stock as of April 23, 2014.</P>
<P style="margin:0pt" align=justify>&nbsp;</P>
<P style="margin:0pt" align=center><BR>
<BR></P>
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    <TR><TD width=178.7></TD><TD width=5.25></TD><TD width=168.2></TD><TD width=5.25></TD><TD width=168.2></TD></TR>
    <TR><TD width=238.267>&nbsp;</TD><TD width=7>&nbsp;</TD><TD width=224.267>&nbsp;</TD><TD width=7>&nbsp;</TD><TD width=224.267>&nbsp;</TD></TR>
    <TR><TD valign=bottom width=238.267><P style="line-height:11pt; margin:0pt; font-size:9pt">CUSIP No. 276317104</P>
    </TD><TD valign=bottom width=7><P style="margin:0pt; font-size:9pt">&nbsp;</P>
    </TD><TD valign=bottom width=224.267><P style="line-height:11pt; margin:0pt; font-size:9pt" align=center>13D</P>
    </TD><TD valign=bottom width=7><P style="margin:0pt; font-size:9pt">&nbsp;</P>
    </TD><TD valign=top width=224.267><P style="line-height:normal; margin-top:3.55pt; margin-bottom:2.15pt; text-indent:92pt; font-size:9.5pt">Page 3 of 3 Pages</P>
    </TD></TR>
    <TR><TD valign=bottom width=238.267><P style="margin:0pt; font-size:9pt">&nbsp;</P>
    </TD><TD valign=bottom width=7><P style="margin:0pt; font-size:9pt">&nbsp;</P>
    </TD><TD valign=bottom width=224.267>&nbsp;</TD><TD valign=bottom width=7><P style="margin:0pt; font-size:9pt">&nbsp;</P>
    </TD><TD valign=bottom width=224.267>&nbsp;</TD></TR>
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<P style="margin:0pt"><BR></P>
<P style="margin:0pt; font-size:10pt" align=center><B>SIGNATURE</B></P>
<P style="margin:0pt" align=justify>&nbsp;</P>
<P style="margin:0pt; text-indent:36pt; font-size:10pt" align=justify>After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</P>
<P style="margin:0pt" align=justify>&nbsp;</P>
<P style="margin-top:0pt; margin-bottom:-12pt; font-size:10pt" align=justify>Date: April 25, 2014</P>
<P style="margin:0pt; text-indent:252pt; font-size:10pt" align=justify><B>JAM CAPITAL PARTNERS MANAGEMENT LLC</B></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:288pt; font-size:10pt" align=justify>By: <U>/s/ Cliff Orr</U></P>
<P style="margin:0pt; text-indent:288pt; font-size:10pt" align=justify>Name: Cliff Orr</P>
<P style="margin:0pt; text-indent:288pt; font-size:10pt" align=justify>Its: Managing Director &amp; Portfolio Manager</P>


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