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: Roberts Lauren M (Sr. VP & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-06-21	Common Stock	F	24102	—	Disposed	665246	Direct
2021-06-21	Common Stock	A	28553	$7.88	Acquired	665246	Direct
2021-06-22	Common Stock	A	2406	—	Acquired	2406	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-06-21	Performance Rights	$0	A	19036	Acquired	2024-01-01	Common Stock (19036)	Direct

Footnotes

F1: Mr. Roberts was awarded (i) 111,940 restricted stock units on August 5, 2019, and 74,257 restricted stock units on June 22, 2020. The restrictions lapsed on 1/3 of those vesting units (62,066 shares). Mr. Roberts elected to have Hecla Mining Company withhold 24,102 shares to cover his tax liability.

F2: Total consists of 105,598 shares held directly, 143,168 performance-based shares, 115,371 unvested restricted stock units, and 301,109 shares held under the Hecla Mining Company Key Employee Deferred Compensation Plan.

F3: Award of restricted stock units that vest as follows: 9,518 shares on June 21, 2022, 9,518 shares on June 21, 2023, and 9,517 shares on June 21, 2024.

F4: See footnote 2

F5: Held as 200.432 units in Mr. Robert's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 2,406 shares.

F6: Mr. Roberts 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, 2021 to December 31, 2022) relative to our peers. Examples of the potential grant of shares to Mr. Roberts under this plan are as follows: 100th percentile rank among peers = maximum awarded 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).

F7: 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 ($7.88). The actual number of shares received (if any) by Mr. Roberts will depend on the Total Shareholder Return performance over the 3-year period and will be determined following the termination of that period).

F8: See footnote 2