HECLA MINING CO/DE/ — Director's Dealing 2013

Jun 25, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HECLA MINING CO/DE/ (HL)
CIK: 0000719413
Period of Report: 2013-06-24

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-06-24	Common Stock	A	170648	—	Acquired	297358	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-06-24	Performance Rights	$0	A	170648	Acquired	2016-01-01	Common Stock (170648)	Direct

Footnotes

F1: Restricted stock units that vest as follows: 56,882 shares on June 21, 2014; 56,883 shares on June 21, 2015; and 56,883 shares on June 21, 2016.

F2: Total number of unvested restricted stock units held by Mr. Baker.

F3: Each performance right represents a contingent right to receive between $250,000 and $1 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 2012 compared to the average stock price of Hecla and our peers over the last 60 calendar days of 2015. 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).

F4: Total performance rights held by Mr. Baker.