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: Brown Robert Denis (VP - Corp. Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-06-22	Common Stock	F	27858	—	Disposed	354325	Direct
2020-06-22	Common Stock	A	52805	$3.03	Acquired	124560	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-06-22	Performance Rights	$0	A	34653	Acquired	2023-01-01	Common Stock (34653)	Direct

Footnotes

F1: Mr. Brown was awarded (i) 34,072 restricted stock units on June 7, 2017; (ii) 52,219 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 (55,937 shares). Mr. Brown elected to have Hecla Mining Company withhold 27,858 shares to cover his tax liability.

F2: Award of restricted stock units that vest as follows: 17,602 shares on June 21, 2021, 17,602 shares on June 21, 2022, and 17,602 shares on June 21, 2023.

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 $52,500 and $210,000 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. Brown under this plan are as follows: 100th percentile rank among peers = maximum award at 200% target ($210,000 in stock); 60th percentile rank among peers = target award at grant value ($105,000 in stock) and 50th percentile rank among peers = threshold award at 50% of target ($52,500 in stock).

F5: The number shown in Column 5 of Table II assumes a target payout (i.e., $105,000 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. 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 354,325 shares held directly, 131,096 performance-based shares, and 124,560 unvested restricted stock units.