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HECLA MINING CO/DE/ — Director's Dealing 2021
Jun 23, 2021
30738_dirs_2021-06-23_910d8266-4c11-4a81-b8a1-23575a00b5dc.zip
Director's Dealing
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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: Sienko David C (VP and General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-06-21 | Common Stock | F | 18425 | — | Disposed | 762890 | Direct |
| 2021-06-21 | Common Stock | A | 19036 | $7.88 | Acquired | 762890 | Direct |
| 2021-06-22 | Common Stock | J | 1196 | — | Acquired | 1196 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-06-21 | Performance Rights | $0 | A | 12690 | Acquired | 2024-01-01 | Common Stock (12690) | Direct |
Footnotes
F1: Mr. Sienko was awarded (i) 45,692 restricted stock units on June 19, 2018; (ii) 81,522 restricted stock units on June 21, 2019; and (iii) 49,505 restricted stock units on June 22, 2020. The restrictions lapsed on 1/3 of those vesting units (58,907 shares). Mr. Sienko elected to have Hecla Mining Company withhold 18,425 shares to cover his tax liability.
F2: Total consists of 583,636 shares held directly, 79,213 unvested restricted stock units, and 100,041 performance-based shares.
F3: Award of restricted stock units that vest as follows: 6,346 shares on June 21, 2022; 6,345 share on June 21, 2023; and 6,345 shares on June 21, 2024.
F4: See footnote 2
F5: Held as 99.594 units in Mr. Sienko's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 1,196 shares.
F6: Mr. Sienko was awarded performance rights representing the contingent right to receive between $50,000 and $200,000 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. Sienko under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($200,000 in stock); 60th percentile rank among peers = target award at grant value ($100,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($50,000 in stock).
F7: See footnote 2