HECLA MINING CO/DE/ — Director's Dealing 2019

Jun 25, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HECLA MINING CO/DE/ (HL)
CIK: 0000719413
Period of Report: 2019-06-21

Reporting Person: Brown Robert Denis (VP - Corporate Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-06-21	Common Stock	F	23437	—	Disposed	242555	Direct
2019-06-21	Common Stock	A	81522	$1.84	Acquired	127691	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-06-21	Performance Rights	$0	A	62500	Acquired	2022-01-01	Common Stock (62500)	Direct

Footnotes

F1: Mr. Brown was awarded (i) 45,455 restricted stock units on June 7, 2016, (ii) 34,072 restricted stock units on June 7, 2017, and (iii) 52,219 restricted stock units on June 19, 2018. The restrictions lapsed on 1/3 of those vesting units (43,916 shares). Mr. Brown elected to have Hecla Mining Company withhold 23,437 shares to cover his tax liability.

F2: Award of restricted stock units that vest as follows: 27,174 shares on June 21, 2020; 27,174 shares on June 21, 2021; and 27,174 shares on June 21, 2022.

F3: Total number of unvested restricted stock units held by Mr. Brown.

F4: Mr. Brown was awarded performance rights representing the contingent right to receive between $57,500 and $230,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2019 to December 31, 2021) relative to our peers. Examples of the potential grant of shares to Mr. Brown under this plan are as follows: 100th percentile rank among peers = maximum award at 200% target ($230,000 in stock); 60th percentile rank among peers = target award at grant value ($115,000 in stock) and 50th percentile rank among peers = threshold award at 50% of target ($57,500 in stock)..

F5: The number shown in Column 5 of Table II assumes a target payout (i.e., $115,000 wroth of common stock), with the common stock valued at the closing price on the day of the award ($1.84). The actual number of shares received (if any) by Mr. Brown 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 consists of 242,555 shares held directly, 104,961 performance-based shares, and 127,691 unvested restricted stock units.