Statement of Changes in Beneficial Ownership (4)
June 23 2022 - 06:59PM
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).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
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OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
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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 * Lawlar Russell
Douglas |
2. Issuer Name and Ticker or Trading
Symbol HECLA MINING CO/DE/ [ HL ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
Sr. Vice President & CFO |
(Last)
(First)
(Middle)
6500 N. MINERAL DR., SUITE 200 |
3. Date of Earliest Transaction (MM/DD/YYYY)
6/21/2022
|
(Street)
COEUR D'ALENE, ID 83815
(City)
(State)
(Zip)
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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 |
|
F |
|
7051 (1) |
D |
$0 |
133304 (2) |
D |
|
Common Stock |
6/21/2022 |
|
J |
|
5199 (3) |
D |
$0 |
128105 (4) |
D |
|
Common Stock |
6/21/2022 |
|
A |
|
44018 (5) |
A |
$4.43 |
128105 (6) |
D |
|
Common Stock |
6/21/2022 |
|
J |
|
4632 (7) |
A |
$0 |
4632 |
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 |
|
29345 (8) |
|
1/1/2025 |
1/1/2026 |
Common Stock |
29345 |
$0 |
128105 (9) |
D |
|
Explanation of
Responses: |
(1) |
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. |
(2) |
Consists of 25,000 shares
held directly, 43,304 performance-based units, and 65,000
restricted stock units. |
(3) |
Shares transferred to
ex-spouse pursuant to a domestic relations order. |
(4) |
Consists of 19,801 shares
held directly, 43,304 performance-based shares, and 65,000 unvested
restricted stock units. |
(5) |
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. |
(6) |
See footnote 4. |
(7) |
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. |
(8) |
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). |
(9) |
See footnote 4. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Lawlar Russell Douglas
6500 N. MINERAL DR.
SUITE 200
COEUR D'ALENE, ID 83815 |
|
|
Sr. Vice President & CFO |
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Signatures
|
Attorney-in-Fact for Russell D.
Lawlar |
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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. |
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