FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * BAKER PHILLIPS S JR 2. Issuer Name and Ticker or Trading Symbol HECLA MINING CO/DE/ [ HL ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
President & CEO
(Last)          (First)          (Middle)
6500 NORTH MINERAL DRIVE, SUITE 200
3. Date of Earliest Transaction (MM/DD/YYYY)
6/21/2022
(Street)
COEUR D 'ALENE, ID 83815
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock  6/21/2022    A    146726 (1) A $4.43  5129324 (2) D   
Common Stock  6/21/2022    J    46121  A $0  46121 (3) I  By 401(k) Plan 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance rights  $0  6/21/2022    A     146726 (4)     1/1/2025  1/1/2026  Common Stock  146726  $0  5129324 (5) D   

Explanation of Responses:
(1)  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.
(2)  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.
(3)  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.
(4)  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).
(5)  See footnote 2.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
BAKER PHILLIPS S JR
6500 NORTH MINERAL DRIVE
SUITE 200
COEUR D 'ALENE, ID 83815
X
President & CEO

Signatures
Tami D. Whitman, Attorney-in-Fact for Phillips S. Baker, Jr. 6/23/2022
**Signature of Reporting Person Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
Hecla Mining (NYSE:HL)
Historical Stock Chart
From Nov 2022 to Dec 2022 Click Here for more Hecla Mining Charts.
Hecla Mining (NYSE:HL)
Historical Stock Chart
From Dec 2021 to Dec 2022 Click Here for more Hecla Mining Charts.