HECLA MINING CO/DE/ — Director's Dealing 2022

Jun 23, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HECLA MINING CO/DE/ (HL)
CIK: 0000719413
Period of Report: 2022-06-21

Reporting Person: BAKER PHILLIPS S JR (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-06-21	Common Stock	A	146726	$4.43	Acquired	5129324	Direct
2022-06-21	Common Stock	J	46121	—	Acquired	46121	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-06-21	Performance rights	$0	A	146726	Acquired	2026-01-01	Common Stock (146726)	Direct

Footnotes

F1: Award of restricted stock units that vest as follows: 48,908 shares on June 21, 2023; 48,909 shares on June 21, 2024; and 48,909 shares on June 21, 2025.

F2: Consists of 2,758,137 shares held directly, 1,795,964 shares deferred under the Hecla Mining Company Key Employee Deferred Compensation Plan, 342,191 performance-based units, and 233,032 unvested restricted stock units.

F3: Held as 3,839.801 units in Mr. Baker's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 46,121 shares.

F4: Mr. Baker was awarded performance rights representing the contingent right to receive between $325,000 and $1,300,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2022 to December 31, 2024) relative to our peers. examples of the potential grant of shares to Mr. Baker under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($1,300,000 in stock); 60th percentile rank among peers = target award at grant value ($650,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($325,000 in stock).

F5: See footnote 2.