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: HALL LINDSAY A (Sr. VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-06-22	Common Stock	A	74257	$3.03	Acquired	181889	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-06-22	Performance Rights	$0	A	49505	Acquired	2023-01-01	Common Stock (49505)	Direct

Footnotes

F1: Award of restricted stock units that vest as follows: 24,753 shares on June 21, 2021; 24,752 shares on June 21, 2022; and 24,752 shares on June 21, 2023.

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

F3: Mr. Hall was awarded performance rights representing the contingent right to receive between $75,000 and $300,000 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. Hall under this plan are as follows: 100th percentile rank among peers = maximum award at 200% target ($300,000 in stock); 60th percentile rank among peers = target award at grant value ($150,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($75,000 in stock).

F4: The number shown in Column 5 of Table II assumes a target payout (i.e., $150,000 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. Hall 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 794,612 shares held directly, 174,108 performance-based shares, and 181,889 unvested restricted stock units.