Statement of Changes in Beneficial Ownership (4)
June 23 2021 - 5:39PM
Edgar (US Regulatory)
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)
6/21/2021 |
(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 | 6/21/2021 | | F | | 68274 (1) | D | $0 | 4781868 (2) | D | |
Common Stock | 6/22/2021 | | J | | 44309 (3) | A | $0 | 44309 | I | By 401(k) Plan |
Common Stock | 6/21/2021 | | A | | 63452 (4) | A | $7.88 | 4781868 (5) | D | |
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 | 6/21/2021 | | A | | 63452 (6) | | 1/1/2023 | 1/1/2023 | Common Stock | 63452 | $0 | 4781868 (7) | D | |
Explanation of Responses: |
(1) | Mr. Baker was awarded (i) 130,548 restricted stock units on 6/19/18; (ii) 217,391 restricted stock units on 6/21/19; and (iii) 132,013 restricted stock units on 6/22/20. The restrictions lapsed on 1/3 of those vesting units (159,985 shares). Mr. Baker elected to have Hecla Mining Company withhold 68,274 shares to cover his tax liability. |
(2) | Consists of 2,294,777 shares held directly, 1,795,964 shares held in the Hecla Mining Company Key Employee Deferred Compensation Plan, 223,923 unvested restricted stock units, and 467,204 performance-based shares. |
(3) | Held as 3,690.868 units in Mr. Baker's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 44,309 shares. |
(4) | Award of restricted stock units that vest as follows: 21,150 shares on June 21, 2022; 21,151 shares on June 1, 2023; and 21,151 shares on June 2, 2024. |
(5) | See footnote 2 |
(6) | Mr. Baker was awarded performance rights representing the contingent right to receive between $250,000 and $1,000,000 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. Baker under this plan are as follows: 100th percentile rank among peers = maximum award at 200% ($1,000,000 in stock); 60th percentile rank among peers = target award at grant value ($500,000 in stock); and 50th percentile rank among peers = threshold award at 50% target ($250,000 in stock). |
(7) | 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. | | 6/23/2021 |
**Signature of Reporting Person | Date |
Hecla Mining (NYSE:HL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Hecla Mining (NYSE:HL)
Historical Stock Chart
From Jul 2023 to Jul 2024