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HECLA MINING CO/DE/ — Director's Dealing 2022
Jun 23, 2022
30738_dirs_2022-06-23_e89e1f02-dd49-4cd1-b911-8616c18f2b7a.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: 2022-06-21
Reporting Person: Lawlar Russell Douglas (Sr. Vice President & CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-06-21 | Common Stock | F | 7051 | — | Disposed | 133304 | Direct |
| 2022-06-21 | Common Stock | J | 5199 | — | Disposed | 128105 | Direct |
| 2022-06-21 | Common Stock | A | 44018 | $4.43 | Acquired | 128105 | Direct |
| 2022-06-21 | Common Stock | J | 4632 | — | Acquired | 4632 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-06-21 | Performance rights | $0 | A | 29345 | Acquired | 2026-01-01 | Common Stock (29345) | Direct |
Footnotes
F1: Mr. Lawlar was awarded (i) 27,174 restricted stock units on June 21, 2019; (ii) 19,802 restricted stock units on June 22, 2020; and (iii) 21,574 restricted stock units on June 21, 2021. The restrictions lapsed on 1/3 of those vesting units (22,851 shares)r. Mr. Lawlar elected to have Hecla Mining Company withhold 7,051 shares to cover his tax liability.
F2: Consists of 25,000 shares held directly, 43,304 performance-based units, and 65,000 restricted stock units.
F3: Shares transferred to ex-spouse pursuant to a domestic relations order.
F4: Consists of 19,801 shares held directly, 43,304 performance-based shares, and 65,000 unvested restricted stock units.
F5: Award of restricted stock units that vest as follows: 14,672 shares on June 21, 2023, 14,673 shares on June 21, 2024, and 14,673 shares on June 21, 2025.
F6: See footnote 4.
F7: Held as 385.596 units in Mr. Lawlar's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 4,632 shares.
F8: Mr. Lawlar was awarded performance rights representing the contingent right to receive between $65,000 and $260,000 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. Lawlar under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($260,000 in stock); 60th percentile rank among peers = target at grant value ($130,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($65,000 in stock).
F9: See footnote 4.