<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Eastern Company
---------------
Name of Issuer
Common, No Par Value
--------------------
(Title of Class of Securities)
276317-10-4
-----------
(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ]
Page 1 of 8 Pages
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CUSIP NO. 276317-10-04 Page 2 of 8 Pages
- --------------------------------------------------------------------------------
1) Names of Reporting Persons BankBoston Corporation
S.S. or I.R.S. Identification (04-2471221)
Nos. of Above Persons
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a)
if a Member of a Group (b)
(See Instructions)
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of
Organization Holding Company-Massachusetts
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 429,221
Beneficially (6) Share Voting Power 2,000
Owned by Each (7) Sole Dispositive
Reporting Person Power 317,124
With (8) Shared Dispositive
Power 114,097
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 431,221
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount
In Row (9) Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 18%
- --------------------------------------------------------------------------------
12) Type of Reporting Person
(See Instructions) HC
<PAGE>
CUSIP NO. 276317-10-4 Page 3 of 8 Pages
- --------------------------------------------------------------------------------
1) Names of Reporting Persons BankBoston, National Association
S.S. or I.R.S. Identification (04-2472499)
Nos. of Above Persons
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a)
if a Member of a Group (b)
(See Instructions)
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of
Organization Bank - USA
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 429,221
Beneficially (6) Share Voting Power 2,000
Owned by Each (7) Sole Dispositive
Reporting Person Power 317,124
With (8) Shared Dispositive
Power 114,097
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 431,221
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount
In Row (9) Excludes Certain
Shares (See Instructions)
________________________________________________________________________________
11) Percent of Class Represented
by Amount in Row 9 18%
________________________________________________________________________________
12) Type of Reporting Person
(See Instructions) BK
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Page 4 of 8 Pages
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G UNDER THE SECURITIES
EXCHANGE ACT OF 1934
Item 1.
(a) Name of Issuer: Eastern Company
---------------
(b) Address of Issuer's 112 Bridge Street
------------------- Naugatuck, CT 06770
Principal Executive
-------------------
Office:
------
Item 2.
(a) Name of Person BankBoston Corporation
-------------- on its own behalf as indirect owner and
Filing: on behalf of its subsidiary,
------ BankBoston National Association.
(b) Address of Principal 100 Federal Street
-------------------- Boston, Massachusetts 02110
Business Office or, if
----------------------
none, Residence:
---------------
(c) Citizenship: Holding Company - Massachusetts
----------- Bank - USA
(d) Title Class of
--------------
Securities: Common, No Par Value
----------
(e) CUSIP Number: 276317-10-4
------------
Item 3.
This statement is filed pursuant to Rule 13d-1(b). The persons filing
are a parent holding company, in accordance with Reg. section 240.13d-
1(b)(ii)(G), and a bank, in accordance with Reg. section 240.13d-1(b)(ii)(B)
of the Securities Exchange Act of 1934.
Item 4. Ownership:
---------
(a) Amount Beneficially
-------------------
Owned: See Item 9, Cover Page
-----
(b) Percent of Class: See Item 11, Cover Page
----------------
(c) Number of Shares as to Which
----------------------------
Such Person Has
---------------
(i) Sole Power to Vote or to Direct the vote
(ii) Shared Power to Vote or to Direct the vote
(iii) Sole Power to Dispose or Direct the Disposition of:
(iv) Shared Power to Dispose to or Direct the Disposition of:
For (c), see Item 5-8, Cover Page
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Page 5 of 8 Pages
Item 5. Ownership of Five Percent or less of a Class.
--------------------------------------------
If this statement is being filed to report the fact that as
of the date hereof the reporting person has ceased to be beneficial
owner of more than five percent of the class of securities, check the
following [ ].
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
---------------------------------------------------------------
Not Applicable.
Item 7. Identification and Classification of the Subsidiary which has Acquired
----------------------------------------------------------------------
the Security Being Reported on by the Parent Holding Company:
------------------------------------------------------------
Bank as defined in Section 3(a)(6) of the Securities Exchange Act
of 1934.
Item 8. Identification and Classification of Member of the Group.
--------------------------------------------------------
Not Applicable.
Item 10. CERTIFICATION:
-------------
See Exhibit A
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired and are held in the ordinary
course of business and were not acquired and are not held for the purpose of
or with the effect of changing or influencing the control of the issuer of
such securities and were not acquired and are not held in connection with or
as a participant in any transaction having such purpose or effect.
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, completed
and correct.
Date: February 16, 1999
BankBoston Corporation
By:
------------------------------
Name: Robert T. Jefferson
--------------------------
Print
Title: Comptroller
-----------
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Page 6 of 8 Pages
BankBoston, National Association
By:
----------------------------------
Name: Robert H. Frey
-------------------------------
Print:
Title: Chief Fiduciary Officer, Private Banking
----------------------------------------
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Page 7 of 8 Pages
EXHIBIT A
---------
AGREEMENT
The undersigned hereby agree, pursuant to Section 240.13d-1(f)(1) that
BankBoston Corporation may file a Schedule 13G pursuant to Rule 13d-1 under the
Securities Exchange Act of 1934, and all amendments to such Schedule, with
respect to shares of Eastern Company Common Stock, No Par Value, on behalf of
itself and BankBoston, National Association.
Dated: February 16, 1999
BankBoston Corporation
By:
-------------------------------
Robert T. Jefferson
Comptroller
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Page 8 of 8 Pages
BankBoston, National Association
By:
---------------------------------
Name: Robert H. Frey
-------------------------------
Print:
Title: Chief Fiduciary Officer,
Private Banking
INCUMBENCY CERTIFICATE OF AUTHORIZED REPRESENTATIVE
I, the undersigned, Michael R. Garfield, Assistant Secretary of the Board
of Directors of BankBoston, National Association, do hereby certify that Robert
H. Frey, is duly elected Chief Fiduciary Officer of Private Banking and also has
the power and authority to sign the attached Statements on Schedule 13G in the
name and on behalf of the Bank.
In witness whereof, I have set my hand and seal of the Bank this ___th day
of February, 1999.
By:
---------------------------------
Michael R. Garfield
Assistant Secretary of the
Board of Directors
