HECLA MINING CO/DE/ 4
4 · HECLA MINING CO/DE/ · Filed Jun 9, 2017
Insider Transaction Report
Form 4
HALL LINDSAY A
Sr. Vice President & CFO
Transactions
- Award
Common Stock
2017-06-07$5.87/sh+58,773$344,998→ 114,150 total - Award
Performance Rights
2017-06-07+20,443→ 20,443 totalExercise: $0.00From: 2020-01-01Exp: 2020-01-01→ Common Stock (20,443 underlying)
Footnotes (4)
- [F1]Award of restricted stock units that vest as follows: 19,591 shares on June 21, 2018; 19,591 shares on June 21, 2019; and 19,591 shares on June 21, 2020.
- [F2]Total number of unvested restricted stock units held by Mr. Hall.
- [F3]Mr. Hall was awarded performance rights representing the contingent right to receive between $60,000 and $240,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2017 to December 31, 2019) relative to our peers. Examples of the potential grant of shares to Mr. Hall under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($240,000 in stock); 60th percentile rank among peers = target award at grant value ($120,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($60,000 in stock).
- [F4]The number shown in Column 5 of Table II assumes a target payout (i.e., $120,000 worth of common stock), with the common stock valued at the closing price on the day of the award ($5.87). The actual number of shares received (if any) by Mr. Hall will depend on the Total Shareholder Return performance over the 3-year period and will be determined following the termination of that period.