HECLA MINING CO/DE/ — Director's Dealing 2010

Feb 24, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HECLA MINING CO/DE/ (HL)
CIK: 0000719413
Period of Report: 2010-02-22

Reporting Person: BAKER PHILLIPS S JR (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-22	Common Stock	M	100000	$3.645	Acquired	807606	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-22	Stock Option	$3.645	M	100000	Acquired	2010-02-22	Common Stock (100000)	Direct

Footnotes

F1: These are discounted stock options that Mr. Baker purchased in February 2003 under the terms of our Key Employee Deferred Compensation Plan. They have a 7 year expiration date and were set to expire on February 22, 2010. Mr. Baker exercised these options and is holding these shares. No shares were sold on the open market.

F2: Mr. Baker exercised the stock options and purchased them at the exercise price.