HECLA MINING CO/DE/ — Director's Dealing 2015

Jul 2, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HECLA MINING CO/DE/ (HL)
CIK: 0000719413
Period of Report: 2015-06-30

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-07-01	Common Stock	A	204918	—	Acquired	362811	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-07-01	Performance Rights	$0	A	204918	Acquired	2018-01-01	Common Stock (204918)	Direct
2015-06-30	Phantom Units	$0	A	18117	Acquired		Common Stock (18117)	Direct

Footnotes

F1: Award of restricted stock units that vest as follows: 68,306 shares on June 21, 2016; 68,306 shares on June 21, 2017; and 68,306 shares on June 21, 2018.

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

F3: Mr. Baker was awarded performance rights representing the 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, 2015 to December 31, 2017) 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: The number shown in column 5 of Table II assumes a target payout (i.e., $500,000 worth of common stock), with the common stock valued at the closing price on the day of the award ($2.44). The actual number of shares actually received (if any) by Mr. Baker will depend on the Total Shareholder Return performance over the 3-year period and will be determined following the termination of that period.

F5: Represents all similar performance rights held by Mr. Baker.

F6: These Phantom Units have been credited to Mr. Baker's company stock account under the Key Employee Deferred Compensation Plan as a result of a company matching contribution under the Key Employee Deferred Compensation Plan, with each unit representing the right to receive one share of company common stock upon retirement or other distribution event.

F7: Total deferred shares held by Mr. Baker under the Key Employee Deferred Compensation Plan.

F8: The phantom units do not have an exercisable date and/or expiration date because they are deferred until a distribution event under the Key Employee Deferred Compensation Plan.