Sec Form 4 Filing - WALDE LEWIS E @ HECLA MINING CO/DE/ - 2007-11-14

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 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person WALDE LEWIS E 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) V.P. and CFO (Last) (First) (Middle) 6500 N. MINERAL DRIVE, SUITE 200 3. Date of Earliest Transaction (MM/DD/YY) 11/14/2007 (Street) COEUR D'ALENE, ID83815-9408 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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 11/14/2007 M 4,000 A $ 6.543 40,200 D Common Stock 11/14/2007 M 20,000 A $ 4.878 60,200 D Common Stock 11/14/2007 M 6,000 A $ 4.635 66,200 D Common Stock 11/14/2007 M 35,000 A $ 5.995 101,200 D Common Stock 11/14/2007 M 26,000 A $ 4.92 127,200 D Common Stock 11/14/2007 J 30,000 ( 1 ) D $ 11.33 97,200 D Common Stock 11/14/2007 S 61,000 D $ 11.4141 36,200 D Common Stock 11/16/2007 M 6,000 A $ 4.92 42,200 D Common Stock 11/16/2007 S 6,000 D $ 11.138 36,200 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 Stock Options $ 6.543 11/14/2007 M 4,000 01/01/2005 02/23/2011 Common Stock 4,000 $ 0 144,000 D Stock Options $ 4.878 11/14/2007 M 20,000 01/01/2005 05/14/2011 Common Stock 20,000 $ 0 124,000 D Stock Options $ 4.635 11/14/2007 M 6,000 02/13/2005 08/13/2011 Common Stock 6,000 $ 0 118,000 D Stock Options $ 5.995 11/14/2007 M 35,000 05/06/2004 05/06/2009 Common Stock 35,000 $ 0 83,000 D Stock Options $ 4.92 11/14/2007 M 26,000 05/06/2005 05/06/2010 Common Stock 26,000 $ 0 57,000 D Stock Options $ 4.92 11/16/2007 M 6,000 05/06/2005 05/06/2010 Common Stock 6,000 $ 0 51,000 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other WALDE LEWIS E 6500 N. MINERAL DRIVE, SUITE 200 COEUR D'ALENE, ID83815-9408 V.P. and CFO Signatures Lewis E. Walde 11/16/2007 Signature of Reporting Person Date

Explanation of Responses:

( 1 )These are discounted stock options purchased by Mr. Walde under the terms of the Key Employee Deferred Compensation Plan (the "Plan). On November 14, 2007, Mr. Walde exercised these stock options within the Plan. These stock options were not sold in the open market. The amount of gain realized by Mr. Walde from the exercise of these stock options will be held in the Investment Account under the Plan, until such time as Mr. Walde has a distributable event under the terms of the Plan, or at such time as Mr. Walde has elected under the terms of the Plan.

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).

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