4//SEC Filing
MINES MANAGEMENT INC 4
Accession 0001104659-16-144467
CIK 0000066649operating
Filed
Sep 12, 8:00 PM ET
Accepted
Sep 13, 8:36 PM ET
Size
10.4 KB
Accession
0001104659-16-144467
Insider Transaction Report
Form 4
RUSSELL ROBERT L
Director
Transactions
- Disposition to Issuer
Stock Options (Right to Buy)
2016-09-13−25,000→ 0 totalExercise: $0.91Exp: 2019-11-30→ Common Stock (25,000 underlying) - Disposition to Issuer
Common Stock
2016-09-13−412,980→ 0 total - Disposition to Issuer
Stock Options (Right to Buy)
2016-09-13−25,000→ 0 totalExercise: $0.91Exp: 2020-04-15→ Common Stock (25,000 underlying)
Footnotes (6)
- [F1]Common stock disposed of pursuant to the Agreement and Plan of Merger, dated as of May 23, 2016, as amended on June 29, 2016 and July 29, 2016, among Mines Management, Inc. ("Mines Management"), Hecla Mining Company ("Hecla"), and HL Idaho Corp. ("Merger Sub"), whereby Merger Sub was merged with and into Mines Management (the "Merger") and each share of common stock of Mines Management was converted into 0.2218 (the "Exchange Rate") of a share of Hecla common stock, resulting in the receipt of 91,599 shares of Hecla common stock plus cash paid in lieu of fractional shares. The closing price of Hecla common stock on September 13, 2016, the effective date of the Merger, was $5.40.
- [F2]The option was granted on 06/11/2014 and vested 100% on 11/30/2014.
- [F3]The option was granted on 06/11/2014 and vested 100% on 04/15/2015.
- [F4]The option was cancelled in connection with the Merger in consideration for shares of Hecla common stock (with cash being paid in lieu of fractional shares) representing the value equal to the difference between (x) the product of the Exchange Rate and the closing price of Hecla common stock on the date prior to the effective date of the Merger and (y) the option exercise price. The closing price of Hecla common stock on September 13, 2016, the effective date of the Merger, was $5.40.
- [F5]The Hecla common stock issued had a value of $9,355.55.
- [F6]The Hecla common stock issued had a value of $9,355.55.
Documents
Issuer
MINES MANAGEMENT INC
CIK 0000066649
Entity typeoperating
IncorporatedID
Related Parties
1- filerCIK 0000066649
Filing Metadata
- Form type
- 4
- Filed
- Sep 12, 8:00 PM ET
- Accepted
- Sep 13, 8:36 PM ET
- Size
- 10.4 KB