Form 4 for HL HECLA MINING CO/DE/
Accepted 2022-03-02 00:00:00 ET · period of report 2022-02-28 · accession 0001166074-22-000001 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-03-02 | 2022-02-28 | HL | BAKER PHILLIPS S JR | Pres, CEO, Dir | F - Tax | $5.76 | -195.1K | 4.64M | -4% | -$1.12M |
| D | 2022-03-02 | 2022-02-28 | HL | BAKER PHILLIPS S JR | Pres, CEO, Dir | M - OptEx | $0.00 | +520.8K | 4.84M | +12% | $0 |
| DI | 2022-03-02 | 2022-02-28 | HL | BAKER PHILLIPS S JR | Pres, CEO, Dir | J - Other | $0.00 | +40.4K | 40.4K | New | $0 |
| D | 2022-03-02 | 2022-02-28 | HL | BAKER PHILLIPS S JR | Pres, CEO, Dir | M - OptEx | $0.00 | +271.4K | 195.5K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-02-28 | F | D | 195,090 | $5.76 | 4,640,407 | D | — | — | (F6) Shares withheld for tax liability on 520,833 performance rights that vested. (F7) Consists of 2,620,520 shares held directly, 1,795,964 shares held in the Key Employee Deferred Compensation Plan, and 223,923 unvested restricted stock units. |
| 2 | Common | Common Stock | 2022-02-28 | M | A | 520,833 | $0.00 | 4,835,497 | D Held in 401(k) Plan | — | — | (F4) See footnotes (1) and (2). Shares received upon settlement of performance rights awarded in June 2019. (F5) Consists of 2,815,610 shares held directly, 1,795,964 shares held in the Key Employee Deferred Compensation Plan, and 223,923 unvested restricted stock units. |
| 3 | Common | Common Stock | 2022-02-28 | J | A | 40,392 | $0.00 | 40,392 | I | — | — | (F8) Held as 3,701.816 units in Mr. Baker's 401(k) account under Hecla Mining Company's Capital Accumulation Plan, and estimated to be 40,392 shares. |
| 4 | Derivative | Performance rights | 2022-02-28 | M | A | 271,391 | $0.00 | 195,465 | D | $0.00 · 2021-12-31 to 2021-12-31 | 271,391 Common Stock | (F2) In reporting the number of performance rights at the time of the award, Mr. Baker assumed a target payout (i.e. $500,000 worth of common stock), with the common stock valued at the closing price on the day of the award ($1.84), and therefore reported an award of 271,739 performance rights. Based on Hecla Mining Company's total shareholder return ranking, Mr. Baker's award value was $958,333, and he therefore received 520,833 shares in settlement of the award (with the shares valued at the $1.84 closing price on June 21, 2019). (F1) On June 21, 2019, Mr. Baker was awarded performance rights. The performance rights represented a contingent right to receive between $250,000 and $1,000,000 worth of Hecla Mining Company common stock based on Hecla's total shareholder return performance over the 3-year period from January 1, 2019 through December 31, 2021, based on the following percentile rank within Hecla's peer group companies: (1) 100th percentile rank among peers = maximum award at 200% of target (i.e., $1 million worth of common stock); (2) 60th percentile rank among peers = target award at grant value (i.e. $500,000 worth of common stock); or (3) 50th percentile rank among peers = threshold payout at 50% target (i.e. $250,000 worth of common stock). (F3) Consists of outstanding performance rights. |