HECLA MINING CO/DE/ — Director's Dealing 2012

Jun 28, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HECLA MINING CO/DE/ (HL)
CIK: 0000719413
Period of Report: 2012-06-26

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-06-26	Common Stock	A	107759	—	Acquired	998931	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-06-26	Performance Rights	$0	A	107759	Acquired	2015-01-01	Common Stock (107759)	Direct

Footnotes

F1: Restricted stock units that vest as follows: 35,919 shares on June 25, 2013; 35,920 shares that vest on June 25, 2014; and 35,920 shares that vest on June 25, 2015.

F2: Each performance right represents a contingent right to receive between $250,000 and $2 million worth of Hecla Mining Company common stock based on Hecla's TSR performance over the 3-year period relative to our peers, using the average stock price of Hecla and our peers over the last 60 calendar days of 2011 compared to the average stock price of Hecla and our peers over the last 60 calendar days of 2014. Examples of the potential grant of shares to Mr. Baker under this plan are as follows: (1) 100th percentile rank among peers = maximum payout at 200% of target (i.e. $1 million worth of common stock); (2) 50th percentile rank among peers = target payout at grant value (i.e. $500,000 worth of common stock); or (3) 25th percentile rank among peers = threshold payout at 50% of target (i.e. $250,000 worth of common stock.