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HECLA MINING CO/DE/ — Director's Dealing 2018
Jun 19, 2018
30738_dirs_2018-06-19_60d9b962-36b9-469a-b1df-fae469720c61.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: 2018-06-19
Reporting Person: BAKER PHILLIPS S JR (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-06-19 | Common Stock | A | 130548 | $3.83 | Acquired | 359791 | Direct |
| 2018-06-19 | Common Stock | J | 24893 | $3.83 | Acquired | 24893 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-06-19 | Performance Rights | $0 | A | 156658 | Acquired | 2021-01-01 | Common Stock (156658) | Direct |
Footnotes
F1: Award of restricted stock units that vest as follows: 43,516 shares on June 21, 2019; 43,516 shares on June 21, 2020; and 43,516 shares on June 21, 2021.
F2: Total number of unvested restricted stock units held by Mr. Baker.
F3: Held as 2,049.849 units in Mr. Baker's 401(k) account under Hecla Mining Company's Capital Accumulation Plan, and estimated to be 24,893 shares.
F4: Mr. Baker was awarded performance rights representing the contingent right to receive between $300,000 and $1,200,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2018 to December 31, 2020) 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 ($1,200,000 in stock); 60th percentile rank among peers = target award at grant value ($600,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($300,000 in stock).
F5: The number shown in Column 5 of Table II assumes a target payout (i.e., $600,000 worth of common stock), with the common stock valued at the closing price on the day of the award ($3.83). 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.
F6: Total number of performance units held by Mr. Baker.