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

Mar 2, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HECLA MINING CO/DE/ (HL)
CIK: 0000719413
Period of Report: 2022-02-28

Reporting Person: Roberts Lauren M (Sr. VP - COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-28	Common Stock	M	143035	—	Acquired	703123	Direct
2022-02-28	Common Stock	F	41425	$5.76	Disposed	661698	Direct
2022-02-28	Common Stock	J	2193	—	Acquired	2193	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-28	Common Stock	$0	M	74627	Acquired	2021-12-31	Common Stock (74627)	Direct

Footnotes

F1: On August 5, 2019, Mr. Roberts was awarded performance rights. The performance rights represented a contingent right to receive between $75,000 and $300,000 worth of Hecla Mining Company common stock based on Hecla's total shareholder return performance over the 3-year period from January 1, 2019 through December 31, 2021, based on the following percentile rank within Hecla's peer group companies: (1) 100th percentile rank among peers = maximum award at 200% of target (i.e. $300,000 worth of common stock); (2) 60th percentile rank among peers = target award at grant value (i.e. $150,000 worth of common stock); or (3) 50th percentile rank among peers = threshold payout at 50% target (i.e. $75,000 worth of common stock).

F2: In reporting the number of performance rights at the time of the award, Mr. Roberts assumed 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 ($2.01), and therefore reported an award of 74,627 performance rights. Based on Hecla Mining Company's total shareholder return ranking, Mr. Robert's award value was $287,500, and he therefore received 143,035 shares in settlement of the award (with the shares valued at the $2.01 closing price on August 5, 2019).

F3: Consists of outstanding performance rights.

F4: See footnotes (1) and (2). Shares received upon settlement of performance rights awarded in August 2019.

F5: Consists of 248,633 shares held directly, 339,119 shares held in the Key Employee Deferred Compensation Plan, and 115,371 unvested restricted stock units.

F6: Shares withheld for tax liability on 143,035 performance rights that vested.

F7: Consists of 207,208 shares held directly, 339,119 shares held in the Key Employee Deferred Compensation Plan, and 115,371 unvested restricted stock units.

F8: Held as 201.027 units in Mr. Robert's 401(k) account under Hecla Mining Company's Capital Accumulation Plan, and estimated to be 2,193 shares.