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: Brown Robert Denis (VP - Corp. Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-06-21	Common Stock	F	33270	—	Disposed	404398	Direct
2021-06-21	Common Stock	A	20305	$7.88	Acquired	404398	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-06-21	Performance Rights	$0	A	13325	Acquired	2024-01-01	Common Stock (13325)	Direct

Footnotes

F1: Mr. Brown was awarded (i) 52,219 restricted stock units on June 19, 2018; (ii) 81,522 restricted stock units on June 21, 2019; and (iii) 52,805 restricted stock units on June 22, 2020. The restrictions lapsed on 1/3 of those vesting units (62,182 shares). Mr. Brown elected to have Hecla Mining Company withhold 33,270 shares to cover his tax liability.

F2: Consists of 211,238 shares held directly, 110,478 performance-based units, and 82,682 unvested restricted stock units.

F3: Award of restricted stock units that vest as follows: 6,769 shares on June 21, 2022, 6,768 shares on June 21, 2023, and 6,768 shares on June 21, 2024.

F4: See footnote 2

F5: 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, 2021 to December 31, 2023) 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).

F6: 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 ($7.88). 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).

F7: See footnote 2.