Sec Form 4 Filing - CLAYTON RONALD W @ HECLA MINING CO/DE/ - 2010-03-25

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 CLAYTON RONALD W 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. V.P. - Operations (Last) (First) (Middle) 6500 N MINERAL DRIVE STE 200 3. Date of Earliest Transaction (MM/DD/YY) 03/25/2010 (Street) COEUR D ALENE, ID83815 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 03/25/2010 M 78,534 A $ 3.42 162,559 D Common Stock 03/25/2010 S 78,534 D $ 5.4004 84,025 D Common Stock 03/29/2010 S 34,165 D $ 5.5 49,860 D Common Stock 03/29/2010 J 43,860 ( 1 ) D $ 0 6,000 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 $ 3.42 03/25/2010 M 78,534 05/28/2009 05/28/2014 Common Stock 78,534 $ 0 40,872 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other CLAYTON RONALD W 6500 N MINERAL DRIVE STE 200 COEUR D ALENE, ID83815 Sr. V.P. - Operations Signatures Tami D. Hansen, Attorney-in-Fact for Ronald W. Clayton 03/29/2010 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Mr. Clayton was awarded these restricted stock units on May 28, 2009. They had a vesting schedule of one year from the date of the award. Since Mr. Clayton has resigned from the company before May 28, 2010, he forfeits the right to receive these restricted units and they are therefore cancelled.

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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