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4//SEC Filing

MINES MANAGEMENT INC 4

Accession 0001104659-16-144472

CIK 0000066649operating
View on SEC.govCompany Profile

Filed

Sep 12, 8:00 PM ET

Accepted

Sep 13, 8:38 PM ET

Size

31.8 KB

Accession

0001104659-16-144472

Insider Transaction Report

Form 4
Period: 2016-09-13
MINES MANAGEMENT INCMGN
Dobbs Douglas D
VP - Corporate Development
Transactions
  • Disposition to Issuer

    Common Stock

    2016-09-13−268,025→ 0 total
  • Disposition to Issuer

    Stock Options (Right to Buy)

    2016-09-13−75,000→ 0 total
    Exercise: $0.20Exp: 2017-07-18→ Common Stock (75,000 underlying)
  • Disposition to Issuer

    Stock Options (Right to Buy)

    2016-09-13−25,088→ 0 total
    Exercise: $0.57Exp: 2018-12-31→ Common Stock (25,088 underlying)
  • Disposition to Issuer

    Stock Options (Right to Buy)

    2016-09-13−14,912→ 0 total
    Exercise: $0.57Exp: 2018-12-31→ Common Stock (14,912 underlying)
  • Disposition to Issuer

    Stock Options (Right to Buy)

    2016-09-13−100,000→ 0 total
    Exercise: $0.54Exp: 2021-02-12→ Common Stock (100,000 underlying)
  • Disposition to Issuer

    Stock Options (Right to Buy)

    2016-09-13−150,000→ 0 total
    Exercise: $0.28Exp: 2021-02-12→ Common Stock (150,000 underlying)
  • Disposition to Issuer

    Stock Options (Right to Buy)

    2016-09-13−22,368→ 0 total
    Exercise: $0.57Exp: 2019-06-01→ Common Stock (22,368 underlying)
  • Disposition to Issuer

    Stock Options (Right to Buy)

    2016-09-13−37,632→ 0 total
    Exercise: $0.57Exp: 2019-06-01→ Common Stock (37,632 underlying)
  • Disposition to Issuer

    Stock Options (Right to Buy)

    2016-09-13−50,000→ 0 total
    Exercise: $0.91Exp: 2020-04-15→ Common Stock (50,000 underlying)
  • Disposition to Issuer

    Stock Options (Right to Buy)

    2016-09-13−100,000→ 0 total
    Exercise: $0.54Exp: 2020-04-01→ Common Stock (100,000 underlying)
  • Disposition to Issuer

    Stock Options (Right to Buy)

    2016-09-13−75,000→ 0 total
    Exercise: $0.20Exp: 2018-02-19→ Common Stock (75,000 underlying)
  • Disposition to Issuer

    Stock Options (Right to Buy)

    2016-09-13−50,000→ 0 total
    Exercise: $0.91Exp: 2019-11-30→ Common Stock (50,000 underlying)
Footnotes (24)
  • [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 59,447.9 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.
  • [F10]The option was granted on December 12, 2014 and vested 100% on April 1, 2015.
  • [F11]The option was granted on December 12, 2014 and vested 100% on February 12, 2016.
  • [F12]The option was granted on October 27, 2015 and vested 100% on February 12, 2016.
  • [F13]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.
  • [F14]The Hecla common stock issued had a value of $81,316.65.
  • [F15]The Hecla common stock issued had a value of $81,316.65.
  • [F16]The Hecla common stock issued had a value of $10,650.48.
  • [F17]The Hecla common stock issued had a value of $15,975.72.
  • [F18]The Hecla common stock issued had a value of $17,918.40.
  • [F19]The Hecla common stock issued had a value of $26,877.60.
  • [F2]The option was granted on July 18, 2012 and vested 100% on July 18, 2012.
  • [F20]The Hecla common stock issued had a value of $18,711.10.
  • [F21]The Hecla common stock issued had a value of $18,711.10.
  • [F22]The Hecla common stock issued had a value of $74,422.20.
  • [F23]The Hecla common stock issued had a value of $74,422.20.
  • [F24]The Hecla common stock issued had a value of $150,633.30.
  • [F3]The option was granted on February 19, 2013 and vested 100% on February 19, 2013.
  • [F4]The option was granted on July 19, 2013 and vested 100% on December 31, 2013.
  • [F5]The option was granted on July 19, 2013 and vested 100% on June 1, 2014.
  • [F6]The option was granted on July 19, 2013 and vested 100% on December 31, 2013.
  • [F7]The option was granted on July 19, 2013 and vested 100% on June 1, 2014.
  • [F8]The option was granted on June 11, 2014 and vested 100% on November 30, 2014.
  • [F9]The option was granted on June 11, 2014 and vested 100% on April 15, 2015.

Documents

1 file

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, 8:38 PM ET
Size
31.8 KB
View on SEC.gov