Sec Form 4 Filing - HALL LINDSAY A @ HECLA MINING CO/DE/ - 2019-06-21

Insider filing report for Changes in Beneficial Ownership
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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
HALL LINDSAY A
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. VP & CFO
(Last) (First) (Middle)
422 SOUTH CHURCH STREET
3. Date of Earliest Transaction (MM/DD/YY)
06/21/2019
(Street)
CHARLOTTE, NC28202
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 06/21/2019 A 122,283 ( 1 ) A $ 1.84 194,094 ( 2 ) 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
Performance Rights $ 0 06/21/2019 A 81,522 ( 3 ) 01/01/2022 01/01/2022 Common Stock 81,522 ( 4 ) $ 0 774,625 ( 5 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
HALL LINDSAY A
422 SOUTH CHURCH STREET
CHARLOTTE, NC28202
Sr. VP & CFO
Signatures
Tami D. Whitman, Attorney-in-Fact for Lindsay A. Hall 06/25/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Award of restricted stock units that vest as follows: 40,761 shares on June 21, 2020; 40,761 shares on June 21, 2021; and 40,761 shares on June 21, 2022.
( 2 )Total number of unvested restricted stock units held by Mr. Hall.
( 3 )Mr. Hall was awarded performance rights representing the contingent right to receive between $75,000 and $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, 2019 to December 31, 2021) relative to our peers. Examples of the potential grant of shares to Mr. Hall under this plan are as follows: 100th percentile rank among peers = maximum award at 200% target ($300,000 in stock); 60th percentile rank among peers = target award at grant value ($150,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($75,000 in stock).
( 4 )The number shown in Column 5 of Table II assumes a target payout (i.e., $150,000 worth of common stock), with the common stock valued at the closing price on the day of the award ($1.84). The actual number of shares received (if any) by Mr. Hall will depend on the Total Shareholder Return performance over the 3-year period and will be determined following the termination of what period.
( 5 )Total consists of 435,485 shares held directly, 145,046 performance-based shares, and 194,094 unvested restricted stock units.

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).
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