HECLA MINING CO/DE/ — Director's Dealing 2014

Jun 27, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HECLA MINING CO/DE/ (HL)
CIK: 0000719413
Period of Report: 2014-06-25

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-06-25	Common Stock	A	151515	—	Acquired	538811	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-06-25	Performance Rights	$0	A	151515	Acquired	2017-01-01	Common Stock (151515)	Direct

Footnotes

F1: Award of restricted stock units that vest as follows: 50,505 shares on June 25, 2015; 50,505 shares on June 25, 2016; and 50,505 shares on June 25, 2017.

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 Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2014 to December 31, 2016) relative to our peers. Examples of the potential grant of shares to Mr. Baker under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($1 million in stock); 60th percentile rank among peers = target award at grant value ($500,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($250,000 in stock).

F4: Total performance rights held by Mr. Baker.