HECLA MINING CO/DE/ — Director's Dealing 2021

Jul 1, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: HECLA MINING CO/DE/ (HL)
CIK: 0000719413
Period of Report: 2021-07-01

Reporting Person: Clary Michael L. (Sr. VP & Chief Admin. Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	47391	Direct
Common Stock	80070	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Performance Rights	$0	2024-01-01	Common Stock (13959)		Direct

Footnotes

F1: 39,825 shares are held directly by Mr. Clary. 7,566 shares are held in trusts for two minor children.

F2: Restricted stock units that were previously awarded and will vest as follows:

14,492 RSUs, granted 6/21/2019, and vesting on June 21, 2022.
44,004 RSUs, granted 6/22/2020, and vesting 1/3 on June 21, 2022 (22,002 shares), and June 21, 2023 (22,002 shares).
21,574 RSUs, granted 6/21/2021, and vesting 1/3 on June 21, 2022 (7,192 shares), June 21, 2023 (7,191 shares), and June 21, 2024 (7,191 shares).

F3: Mr. Clary was awarded performance rights representing the contingent right to receive between $55,000 and $220,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2021 to December 31, 2023) relative to our peers. Examples of the potential grant of shares to Mr. Clary under this plan are as follows: 100th percentile rank among peers = maximum award at 200% target ($220,000 in stock); 60th percentile rank among peers = target award at grant value ($110,000 in stock); and 50th percentile rank among peers =- threshold award at 50% of target ($55,000 in stock).