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HECLA MINING CO/DE/ — Director's Dealing 2019
Jun 25, 2019
30738_dirs_2019-06-25_599435be-4175-4e75-a3ce-cf29f2090bfe.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: 2019-06-21
Reporting Person: BAKER PHILLIPS S JR (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-06-21 | Common Stock | A | 217391 | $1.84 | Acquired | 332816 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-06-21 | Performance Rights | $0 | A | 271739 | Acquired | 2022-01-01 | Common Stock (271739) | Direct |
Footnotes
F1: Award of restricted stock units that vest as follows: 72,463 shares on June 21, 2020; 72,464 shares on June 21, 2021; and 72,464 shares on June 21, 2022.
F2: Total number of unvested restricted stock units held by Mr. Baker.
F3: Mr. Baker was awarded performance rights representing the contingent right to receive between $250,000 and $1,000,000 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. Baker under this plan are as follows: 100th percentile rank among peers = maximum award at 200% target ($1,000,000 in stock); 60th percentile rank among peers = target award at grant value ($500,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($250,000 in stock).
F4: The number shown in Column 5 of Table II assumes a target payout (i.e., $500,000 worth 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. Baker 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 consists of 2,500,984 shares held directly, 332,816 unvested restricted stock units, 530,612 performance-based shares, and 1,795,964 deferred shares under the Key Employee Deferred Compensation Plan.