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Michael L. Clary

Filed: 1 Jul 21, 5:08pm
SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Clary Michael L.

(Last) (First) (Middle)
6500 N. MINERAL DR., SUITE 200

(Street)
COEUR D'ALENE ID 83815

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
07/01/2021
3. Issuer Name and Ticker or Trading Symbol
HECLA MINING CO/DE/ [ HL ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Sr. VP & Chief Admin. Officer
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 47,391(1) D
Common Stock 80,070(2) D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Rights 01/01/2024 01/01/2024 Common Stock 13,959(3) 0 D
Explanation of Responses:
1. 39,825 shares are held directly by Mr. Clary. 7,566 shares are held in trusts for two minor children.
2. Restricted stock units that were previously awarded and will vest as follows: 14,492 RSUs, granted 6/21/2019, and vesting on June 21, 2022. 44,004 RSUs, granted 6/22/2020, and vesting 1/3 on June 21, 2022 (22,002 shares), and June 21, 2023 (22,002 shares). 21,574 RSUs, granted 6/21/2021, and vesting 1/3 on June 21, 2022 (7,192 shares), June 21, 2023 (7,191 shares), and June 21, 2024 (7,191 shares).
3. Mr. Clary was awarded performance rights representing the contingent right to receive between $55,000 and $220,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2021 to December 31, 2023) relative to our peers. Examples of the potential grant of shares to Mr. Clary under this plan are as follows: 100th percentile rank among peers = maximum award at 200% target ($220,000 in stock); 60th percentile rank among peers = target award at grant value ($110,000 in stock); and 50th percentile rank among peers =- threshold award at 50% of target ($55,000 in stock).
Tami D. Whitman, Attorney-in-Fact for Michael L. Clary 07/01/2021
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.