HECLA MINING CO/DE/ — Director's Dealing 2020

Jun 24, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HECLA MINING CO/DE/ (HL)
CIK: 0000719413
Period of Report: 2020-06-22

Reporting Person: Sienko David C (VP and General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-06-22	Common Stock	F	15999	—	Acquired	922004	Direct
2020-06-22	Common Stock	J	20189	—	Acquired	20189	Indirect
2020-06-22	Common Stock	A	49505	$3.03	Acquired	119084	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-06-22	Performance Rights	$0	A	33003	Acquired	2023-01-01	Common Stock (33003)	Direct

Footnotes

F1: Mr. Sienko was awarded (i) 26,235 restricted stock units on June 7, 2017, (ii) 45,692 restricted stock units on June 19, 2018, and (iii) 81,522 restricted stock units on June 21, 2019. The restrictions lapsed on 1/3 of those vesting units (51,150 shares). Mr. Sienko elected to have Hecla Mining Company withhold 15,999 shares to cover his tax liability.

F2: Total consists of 688,154 shares held directly, 119,084 unvested restricted stock units, and 114,766 performance-based shares.

F3: Held as 1,675.046 units in Mr. Sienko's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 20,189 shares.

F4: Award of restricted stock units that vest as follows: 16,502 shares on June 21, 2021, 16,502 shares on June 21, 2022, and 16,501 shares on June 21, 2023.

F5: Total number of unvested restricted stock units held by Mr. Sienko.

F6: Mr. Sienko was awarded performance rights representing the contingent right to receive between $50,000 and $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, 2020 to December 31, 2022) 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 ($200,000 in stock); 60th percentile rank among peers = target award at grant value ($100,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($50,000 in stock).

F7: The number shown in Column 5 of Table II assumes a target payout (i.e., $100,000 worth of common stock), with the common stock valued at the closing price on the day of the award ($3.03). 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.

F8: See footnote #2.