4//SEC Filing
McDonald Dean WA 4
Accession 0001374913-18-000002
CIK 0000719413other
Filed
Jun 18, 8:00 PM ET
Accepted
Jun 19, 7:54 PM ET
Size
8.4 KB
Accession
0001374913-18-000002
Insider Transaction Report
Form 4
McDonald Dean WA
Vice President - Exploration
Transactions
- Award
Performance Rights
2018-06-19+33,943→ 47,572 totalExercise: $0.00From: 2021-01-01Exp: 2021-01-01→ Common Stock (33,943 underlying) - Award
Common Stock
2018-06-19$3.83/sh+65,274$249,999→ 202,818 total
Footnotes (5)
- [F1]Award of restricted stock units that vest as follows: 21,758 shares on June 21, 2019; 21,758 shares on June 21, 2020; and 21,758 shares on June 21, 2021.
- [F2]Total number of unvested restricted stock units held by Mr. McDonald.
- [F3]Mr. McDonald was awarded performance rights representing the contingent right to receive $65,000 and $260,000 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. McDonald under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($260,000 in stock); 60th percentile rank among peers = target award at grant value ($130,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($65,000 in stock).
- [F4]The number shown in Column 5 of Table II assumes a target payout (i.e., $130,000 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. McDonald 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. McDonald.
Documents
Issuer
HECLA MINING CO/DE/
CIK 0000719413
Entity typeother
Related Parties
1- filerCIK 0001374913
Filing Metadata
- Form type
- 4
- Filed
- Jun 18, 8:00 PM ET
- Accepted
- Jun 19, 7:54 PM ET
- Size
- 8.4 KB