MINES MANAGEMENT INC 4
4 · MINES MANAGEMENT INC · Filed Sep 13, 2016
Insider Transaction Report
Form 4
FRANKLIN ROY
Director
Transactions
- Disposition to Issuer
Common Stock
2016-09-13−318,398→ 0 total
Footnotes (1)
- [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 70,620 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.