HECLA MINING CO/DE/ — Director's Dealing 2016

Jun 8, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HECLA MINING CO/DE/ (HL)
CIK: 0000719413
Period of Report: 2016-06-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-06-07	Common Stock	A	113636	—	Acquired	476447	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-06-07	Performance Rights	$0	A	113636	Acquired	2019-01-01	Common Stock (113636)	Direct

Footnotes

F1: Award of restricted stock units that vest as follows: 37,878 shares on June 21, 2017; 37,879 shares on June 21, 2018; and 37,879 shares on June 21, 2019.

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, 2016 to December 31, 2018) 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 ($4.40). The actual number of shares 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.