Sec Form 4 Filing - Lawlar Russell Douglas @ HECLA MINING CO/DE/ - 2022-06-21

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
Lawlar Russell Douglas
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. Vice President & CFO
(Last) (First) (Middle)
6500 N. MINERAL DR., SUITE 200
3. Date of Earliest Transaction (MM/DD/YY)
06/21/2022
(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 06/21/2022 F 7,051( 1 ) D $ 0 133,304( 2 ) D
Common Stock 06/21/2022 J 5,199( 3 ) D $ 0 128,105( 4 ) D
Common Stock 06/21/2022 A 44,018( 5 ) A $ 4.43 128,105( 6 ) D
Common Stock 06/21/2022 J 4,632( 7 ) A $ 0 4,632 I By 401(k) Plan
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 06/21/2022 A 29,345( 8 ) 01/01/2025 01/01/2026 Common Stock 29,345 $ 0 128,105( 9 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Lawlar Russell Douglas
6500 N. MINERAL DR.
SUITE 200
COEUR D'ALENE, ID83815
Sr. Vice President & CFO
Signatures
Attorney-in-Fact for Russell D. Lawlar 06/23/2022
Signature of Reporting Person Date
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.

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