Statement of Changes in Beneficial Ownership (4)
June 23 2022 - 6:59PM
Edgar (US Regulatory)
FORM 4
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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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3235-0287
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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
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Lawlar Russell Douglas |
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. 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)
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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 | 6/21/2022 | | 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)
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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 | 6/21/2022 | | 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
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Lawlar Russell Douglas 6500 N. MINERAL DR. SUITE 200 COEUR D'ALENE, ID 83815 |
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| Sr. Vice President & CFO |
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Signatures
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Attorney-in-Fact for Russell D. Lawlar | | 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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