Statement of Changes in Beneficial Ownership (4)
June 23 2022 - 07:16PM
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 * 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. |
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