4//SEC Filing
HECLA MINING CO/DE/ 4
Accession 0001374913-17-000002
$HLCIK 0000719413operating
Filed
Jun 8, 8:00 PM ET
Accepted
Jun 9, 4:13 PM ET
Size
8.3 KB
Accession
0001374913-17-000002
Insider Transaction Report
Form 4
McDonald Dean WA
Vice President - Exploration
Transactions
- Award
Common Stock
2017-06-07$5.87/sh+51,107$299,998→ 231,558 total - Award
Performance Rights
2017-06-07+13,629→ 13,629 totalExercise: $0.00From: 2020-01-01Exp: 2020-01-01→ Common Stock (13,629 underlying)
Footnotes (4)
- [F1]Award of restricted stock units that vest as follows: 22,728 shares on June 21, 2018; 22,727 shares on June 21, 2019; and 22,727 shares on June 21, 2020
- [F2]Total number of unvested restricted stock units held by Dr. McDonald.
- [F3]Dr. McDonald was awarded performance rights representing the contingent right to receive between $40,000 and $160,000 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 Dr. McDonald under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($160,000 in stock); 60th percentile rank among peers = target award at grant value ($80,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($40,000 in stock).
- [F4]The number shown in Column 5 of Table II assumes a target payout (i.e., $80,000 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 Dr. McDonald will depend on the Total Shareholder Return performance over the 3-year period and will be determined following the termination of that period.
Documents
Issuer
HECLA MINING CO/DE/
CIK 0000719413
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000719413
Filing Metadata
- Form type
- 4
- Filed
- Jun 8, 8:00 PM ET
- Accepted
- Jun 9, 4:13 PM ET
- Size
- 8.3 KB