HECLA MINING CO/DE/ — Director's Dealing 2017

Jun 9, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HECLA MINING CO/DE/ (HL)
CIK: 0000719413
Period of Report: 2017-06-07

Reporting Person: McDonald Dean WA (Sr. VP - Exploration)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-06-07	Common Stock	A	51107	$5.87	Acquired	231558	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-06-07	Performance Rights	$0	A	13629	Acquired	2020-01-01	Common Stock (13629)	Direct

Footnotes

F1: Award of restricted stock units that vest as follows: 22,728 shares on June 21, 2018; 22,727 shares on June 21, 2019; and 22,727 shares on June 21, 2020

F2: Total number of unvested restricted stock units held by Dr. McDonald.

F3: Dr. McDonald was awarded performance rights representing the contingent right to receive between $40,000 and $160,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2017 to December 31, 2019) relative to our peers. Examples of the potential grant of shares to Dr. McDonald under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($160,000 in stock); 60th percentile rank among peers = target award at grant value ($80,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($40,000 in stock).

F4: The number shown in Column 5 of Table II assumes a target payout (i.e., $80,000 worth of common stock), with the common stock valued at the closing price on the day of the award ($5.87). The actual number of shares received (if any) by Dr. McDonald will depend on the Total Shareholder Return performance over the 3-year period and will be determined following the termination of that period.