4//SEC Filing
HECLA MINING CO/DE/ 4
Accession 0001531103-17-000002
$HLCIK 0000719413operating
Filed
Jun 8, 8:00 PM ET
Accepted
Jun 9, 3:44 PM ET
Size
10.1 KB
Accession
0001531103-17-000002
Insider Transaction Report
Form 4
Radford Lawrence P
Vice President - Operations
Transactions
- Other
Common Stock
2017-06-08$5.98/sh+16,103$96,296→ 16,103 total(indirect: By 401(k)) - Award
Common Stock
2017-06-07$5.87/sh+58,773$344,998→ 262,550 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 (5)
- [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. Radford.
- [F3]Mr. Radford 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. Radford 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. Radford will depend on the Total Shareholder Return performance over the 3-year period and will be determined following the termination of that period.
- [F5]Held as 1,359.717 units in Mr. Radford's 401(k) account under Hecla Mining Company's Capital Accumulation Plan, and estimated to be 16,103 shares.
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, 3:44 PM ET
- Size
- 10.1 KB