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

Jun 23, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HECLA MINING CO/DE/ (HL)
CIK: 0000719413
Period of Report: 2021-06-21

Reporting Person: Lawlar Russell Douglas (Sr. VP, CFO & Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-06-21	Common Stock	F	6258	—	Disposed	71544	Direct
2021-06-21	Common Stock	A	21574	$7.88	Acquired	71544	Direct
2021-06-21	Common Stock	J	4552	—	Disposed	66992	Direct
2021-06-22	Common Stock	A	1383	—	Acquired	1383	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-06-21	Performance Rights	$0	A	13959	Acquired	2024-01-01	Common Stock (13959)	Direct

Footnotes

F1: Prior to becoming Sr. Vice President, CFO and Treasurer, Mr. Lawlar was awarded (i) restricted stock units on June 19, 2018, (ii) June 21, 2019, and June 22, 2020. The restrictions lapsed on 1/3 of those vesting units (20,010 shares). Mr. Lawlar elected to have Hecla Mining Company withhold 6,258 shares to cover his tax liability.

F2: Consists of 13,752 shares held directly, 13,959 performance-based units, and 43,833 unvested restricted stock units.

F3: Award of restricted stock units that best as follows: 7,192 shares on June 21, 2022; 7,191 shares on June 21, 2023, and 7,191 shares on June 21, 2024.

F4: See footnote 2.

F5: Shares transferred to ex-spouse pursuant to a domestic relations order.

F6: Consists of 9,200 shares held directly, 13,959 performance-based units, and 43,833 unvested restricted stock units.

F7: Held as 115.242 units in Mr. Lawlar's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 1,383 shares.

F8: Mr. Lawlar 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. Lawlar 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 grant value ($110,000 in stock) and 50th percentile rank among peers = threshold award at 50% of target ($55,000 in stock).

F9: The number shown in Column 5 of Table II assumes a target payout (i.e., $110,000 worth of common stock), with the common stock valued at the closing price on the day of the award ($7.88). The actual number of shares received (if any) by Mr. Lawlar will depend on the Total Shareholder Return performance over the 3-year period and will be determined following the termination of that period.

F10: See footnote 6.