HECLA MINING CO/DE/ — Director's Dealing 2018

Jun 19, 2018

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: McDonald Dean WA (Sr. Vice Pres. - Exploration)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-06-19	Common Stock	A	65274	$3.83	Acquired	202818	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-06-19	Performance Rights	$0	A	33943	Acquired	2021-01-01	Common Stock (33943)	Direct

Footnotes

F1: Award of restricted stock units that vest as follows: 21,758 shares on June 21, 2019; 21,758 shares on June 21, 2020; and 21,758 shares on June 21, 2021.

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

F3: Mr. McDonald was awarded performance rights representing the contingent right to receive $65,000 and $260,000 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. McDonald under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($260,000 in stock); 60th percentile rank among peers = target award at grant value ($130,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($65,000 in stock).

F4: The number shown in Column 5 of Table II assumes a target payout (i.e., $130,000 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. McDonald will depend on the Total Shareholder Return performance over the 3-year period and will be determined following the termination of that period.

F5: Total number of performance units held by Mr. McDonald.