4//SEC Filing
Radford Lawrence P 4
Accession 0001531103-19-000003
CIK 0000719413other
Filed
Jun 24, 8:00 PM ET
Accepted
Jun 25, 8:11 PM ET
Size
10.4 KB
Accession
0001531103-19-000003
Insider Transaction Report
Form 4
Radford Lawrence P
Vice President - Operations
Transactions
- Award
Performance Rights
2019-06-21+81,522→ 1,269,249 totalExercise: $0.00From: 2022-01-01Exp: 2022-01-01→ Common Stock (81,522 underlying) - Tax Payment
Common Stock
2019-06-21−29,758→ 868,753 total - Award
Common Stock
2019-06-21$1.84/sh+122,283$225,001→ 220,202 total
Footnotes (6)
- [F1]Mr. Radford was awarded (i) 78,409 restricted stock units on June 7, 2016, (ii) 58,773 restricted stock units on June 7, 2017, and (iii) 117,493 restricted stock units on June 19, 2018. The restrictions lapsed on 1/3 of those vesting units (84,892 shares). Mr. Radford elected to have Hecla Mining Company withhold 29,758 shares to cover his tax liability.
- [F2]Award of restricted stock units that vest as follows: 40,761 shares on June 21, 2020; 40,761 shares on June 21, 2021; and 40,761 shares on June 21, 2022.
- [F3]Total number of unvested restricted stock units held by Mr. Radford.
- [F4]Mr. Radford was awarded performance rights representing the contingent right to receive between $75,000 and $300,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2019 to December 31, 2021) 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% target ($300,000 in stock); 60th percentile rank among peers = target award at grant value ($150,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($75,000 in stock).
- [F5]The number shown in Column 5 of Table II assumes a target payout (i.e., $150,000 worth of common stock), with the common stock valued at the closing price on the day of the award ($1.84). 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 consists of 868,753 shares held directly, 220,202 unvested restricted stock units, and 180,294 performance-based shares.
Documents
Issuer
HECLA MINING CO/DE/
CIK 0000719413
Entity typeother
Related Parties
1- filerCIK 0001531103
Filing Metadata
- Form type
- 4
- Filed
- Jun 24, 8:00 PM ET
- Accepted
- Jun 25, 8:11 PM ET
- Size
- 10.4 KB