Statement of Changes in Beneficial Ownership (4)
June 23 2021 - 6:54PM
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
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Roberts Lauren M |
2. Issuer Name and Ticker or Trading Symbol
HECLA MINING CO/DE/
[
HL
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Sr. VP & COO |
(Last)
(First)
(Middle)
6500 N MINERAL DR, SUITE 200 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
6/21/2021 |
(Street)
COEUR D ALENE, ID 83815
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 6/21/2021 | | F | | 24102 (1) | D | $0 | 665246 (2) | D | |
Common Stock | 6/21/2021 | | A | | 28553 (3) | A | $7.88 | 665246 (4) | D | |
Common Stock | 6/22/2021 | | A | | 2406 (5) | A | $0 | 2406 | I | By 401(k) Plan |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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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 | | 19036 (6) | | 1/1/2024 | 1/1/2024 | Common Stock | 19036 (7) | $0 | 665246 (8) | D | |
Explanation of Responses: |
(1) | Mr. Roberts was awarded (i) 111,940 restricted stock units on August 5, 2019, and 74,257 restricted stock units on June 22, 2020. The restrictions lapsed on 1/3 of those vesting units (62,066 shares). Mr. Roberts elected to have Hecla Mining Company withhold 24,102 shares to cover his tax liability. |
(2) | Total consists of 105,598 shares held directly, 143,168 performance-based shares, 115,371 unvested restricted stock units, and 301,109 shares held under the Hecla Mining Company Key Employee Deferred Compensation Plan. |
(3) | Award of restricted stock units that vest as follows: 9,518 shares on June 21, 2022, 9,518 shares on June 21, 2023, and 9,517 shares on June 21, 2024. |
(4) | See footnote 2 |
(5) | Held as 200.432 units in Mr. Robert's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 2,406 shares. |
(6) | Mr. Roberts was awarded performance rights representing the contingent right to receive between $75,000 and $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, 2021 to December 31, 2022) relative to our peers. Examples of the potential grant of shares to Mr. Roberts under this plan are as follows: 100th percentile rank among peers = maximum awarded at 200% target ($300,000 in stock); 60th percentile rank among peers = target award at grant value ($150,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($75,000 in stock). |
(7) | The number shown in Column 5 of Table II assumes 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 ($7.88). The actual number of shares received (if any) by Mr. Roberts will depend on the Total Shareholder Return performance over the 3-year period and will be determined following the termination of that period). |
(8) | See footnote 2 |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Roberts Lauren M 6500 N MINERAL DR SUITE 200 COEUR D ALENE, ID 83815 |
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| Sr. VP & COO |
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Signatures
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Tami D. Whitman, Attorney-in-Fact for Lauren M. Roberts | | 6/23/2021 |
**Signature of Reporting Person | Date |
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