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HECLA MINING CO/DE/ — Director's Dealing 2017
Jun 9, 2017
30738_dirs_2017-06-09_aee2430c-36bb-4ab6-b91f-a1c6c8ee76b8.zip
Director's Dealing
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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: Sienko David C (VP & General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-06-07 | Common Stock | A | 26235 | $5.87 | Acquired | 118867 | Direct |
| 2017-06-08 | Common Stock | J | 2246 | $5.98 | Acquired | 2246 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-06-07 | Performance Rights | $0 | A | 8518 | Acquired | 2020-01-01 | Common Stock (8518) | Direct |
Footnotes
F1: Award of restricted stock units that vest as follows: 8,745 shares on June 21, 2018; 8,745 shares on June 21, 2019; and 8,745 shares on June 21, 2020.
F2: Total number of unvested restricted stock units held by Mr. Sienko.
F3: Mr. Sienko was awarded performance rights representing the contingent right to receive between $25,000 and $100,000 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 Mr. Sienko under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($100,000 in stock); 60th percentile rank among peers = target award at grant value ($50,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($25,000 in stock).
F4: The number shown in Column 5 of Table II assumes a target payout (i.e., $50,000 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 Mr. Sienko will depend on the Total Shareholder Return performance over the 3-year period and will be determined following the termination of that period.
F5: Held as 189.654 units in Mr. Sienko's 401(k) account under Hecla Mining Company's Capital Accumulation Plan, and estimated to be 2,246 shares.