Form 4 for HL HECLA MINING CO/DE/
Accepted 2022-03-02 00:00:00 ET · period of report 2022-02-28 · accession 0001481905-22-000001 · 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 | Sienko David C | VP, GC | F - Tax | $5.76 | -31.9K | 734.1K | -4% | -$183.8K |
| D | 2022-03-02 | 2022-02-28 | HL | Sienko David C | VP, GC | M - OptEx | $0.00 | +104.2K | 767.0K | +16% | $0 |
| DI | 2022-03-02 | 2022-02-28 | HL | Sienko David C | VP, GC | J - Other | $0.00 | +1,089 | 1,089 | New | $0 |
| D | 2022-03-02 | 2022-02-28 | HL | Sienko David C | VP, GC | M - OptEx | $0.00 | +54.3K | 45.7K | 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 | 31,902 | $5.76 | 734,115 | D | — | — | (F6) Shares withheld for tax liability on 104,167 performance rights that vested. (F7) Consists of 654,902 shares held directly, and 79,213 unvested restricted stock units. |
| 2 | Common | Common Stock | 2022-02-28 | M | A | 104,167 | $0.00 | 767,016 | 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 687,803 shares held directly, and 79,213 unvested restricted stock units. |
| 3 | Common | Common Stock | 2022-02-28 | J | A | 1,089 | $0.00 | 1,089 | I | — | — | (F8) Consists of 99.889 units in Mr. Sienko's 401(k) account under Hecla Mining Company's Capital Accumulation Plan, and estimated to be 1,089 shares. |
| 4 | Derivative | Performance rights | 2022-02-28 | M | A | 54,348 | $0.00 | 45,693 | D | $0.00 · 2021-12-31 to 2021-12-31 | 54,348 Common Stock | (F2) In reporting the number of performance rights at the time of the award, Mr. Sienko assumed a target payout (i.e. $100,000 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 54,348 performance rights. Based on Hecla Mining Company's total shareholder return ranking, Mr. Sienko's award value was $191,667, and he therefore received 104,167 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. Sienko was awarded performance rights. The performance rights represented a contingent right to receive between $50,000 and $200,000 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. $200,000 worth of common stock); (2) 60th percentile rank among peers = target award at grant value (i.e. $100,000 worth of common stock); or (3) 50th percentile rank among peers = threshold payout at 50% target (i.e. $50,000 worth of common stock). (F3) Consists of outstanding performance rights. |