HALL LINDSAY A 4
4 · HECLA MINING CO/DE/ · Filed Jun 19, 2018
Insider Transaction Report
Form 4
HALL LINDSAY A
Sr. Vice President & CFO
Transactions
- Award
Common Stock
2018-06-19$3.83/sh+78,329$300,000→ 174,020 total - Award
Performance Rights
2018-06-19+43,081→ 63,524 totalExercise: $0.00From: 2021-01-01Exp: 2021-01-01→ Common Stock (43,081 underlying)
Footnotes (5)
- [F1]Award of restricted stock units that vest as follows: 26,109 shares of June 21, 2019; 26,110 shares on June 21, 2020; and 26,110 shares on June 21, 2021.
- [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 $82,500 and $330,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder return performance over the 3-year period (January 1, 2018 to December 31, 2020) 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 ($330,000 in stock); 60th percentile rank among peers = target award at grant value ($165,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($82,500 in stock).
- [F4]The number shown in Column 5 of Table II assumes a target payout (i.e., $165,000 worth of common stock), with the common stock valued at the closing price on the day of the award ($3.83). 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.
- [F5]Total number of performance units held by Mr. Hall.