4//SEC Filing
Radford Lawrence P 4
Accession 0001531103-18-000002
CIK 0000719413other
Filed
Jun 18, 8:00 PM ET
Accepted
Jun 19, 6:38 PM ET
Size
10.2 KB
Accession
0001531103-18-000002
Insider Transaction Report
Form 4
Radford Lawrence P
Vice President - Operations
Transactions
- Award
Common Stock
2018-06-19$3.83/sh+117,493$449,998→ 274,303 total - Other
Common Stock
2018-06-19$3.83/sh+20,350$77,941→ 20,350 total(indirect: By 401(k)) - Award
Performance Rights
2018-06-19+78,329→ 98,772 totalExercise: $0.00From: 2021-01-01Exp: 2021-01-01→ Common Stock (78,329 underlying)
Footnotes (6)
- [F1]Award of restricted stock units that vest as follows: 39,164 shares on June 21, 2019; 39,164 shares on June 21, 2020; and 39,165 shares on June 21, 2021.
- [F2]Total number of unvested restricted stock units held by Mr. Radford.
- [F3]Held as 1.675.743 units in Mr. Radford's 401(k) account under Hecla Mining Company's Capital Accumulation Plan, and estimated to be 20,350 shares.
- [F4]Mr. Radford was awarded performance rights representing the contingent right to receive between $150,000 and $600,000 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. Radford under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($600,000 in stock); 60th percentile rank among peers = target award at grant value ($300,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($150,000 in stock).
- [F5]The number shown in Column 5 of Table II assumes a target payout (i.e., $300,000 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. Radford will depend on the Total Shareholder Return performance over the 3-year period and will be determined following the termination of that period.
- [F6]Total number of performance units held by Mr. Radford.
Documents
Issuer
HECLA MINING CO/DE/
CIK 0000719413
Entity typeother
Related Parties
1- filerCIK 0001531103
Filing Metadata
- Form type
- 4
- Filed
- Jun 18, 8:00 PM ET
- Accepted
- Jun 19, 6:38 PM ET
- Size
- 10.2 KB