PHILLIPS S. BAKER JR - 21 Jun 2021 Form 4 Insider Report for HECLA MINING CO/DE/ (HL)

Role: President & CEO, Director
Signature: Tami D. Whitman, Attorney-in-Fact for Phillips S. Baker, Jr.
Issuer symbol: HL
Transactions as of: 21 Jun 2021
Transactions value $: $500,002
Form type: 4
Filing time: 23 Jun 2021, 17:38:25 UTC
Previous filing: 28 May 2021
Next filing: 02 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HL	Common Stock	Tax liability	$0	-68,274	-1.41%	$0.000000	4,781,868	21 Jun 2021	Direct	F1, F2
transaction	HL	Common Stock	Other	$0	+44,309		$0.000000	44,309	22 Jun 2021	By 401(k) Plan	F3
transaction	HL	Common Stock	Award	$500,001	+63,452	+1.34%	$7.88	4,781,868	21 Jun 2021	Direct	F4, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	HL	Performance Rights	Award	$0	+63,452	+1.34%	$0.000000	4,781,868	21 Jun 2021	Common Stock	63,452	$0.000000	Direct	F6, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Mr. Baker was awarded (i) 130,548 restricted stock units on 6/19/18; (ii) 217,391 restricted stock units on 6/21/19; and (iii) 132,013 restricted stock units on 6/22/20. The restrictions lapsed on 1/3 of those vesting units (159,985 shares). Mr. Baker elected to have Hecla Mining Company withhold 68,274 shares to cover his tax liability.
F2	Consists of 2,294,777 shares held directly, 1,795,964 shares held in the Hecla Mining Company Key Employee Deferred Compensation Plan, 223,923 unvested restricted stock units, and 467,204 performance-based shares.
F3	Held as 3,690.868 units in Mr. Baker's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 44,309 shares.
F4	Award of restricted stock units that vest as follows: 21,150 shares on June 21, 2022; 21,151 shares on June 1, 2023; and 21,151 shares on June 2, 2024.
F5	See footnote 2
F6	Mr. Baker was awarded performance rights representing the contingent right to receive between $250,000 and $1,000,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2021 to December 31, 2023) 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% ($1,000,000 in stock); 60th percentile rank among peers = target award at grant value ($500,000 in stock); and 50th percentile rank among peers = threshold award at 50% target ($250,000 in stock).
F7	See footnote 2