SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* BAKER PHILLIPS S JR (Last) (First) (Middle) 6500 NORTH MINERAL DRIVE SUITE 200 (Street) COEUR D 'ALENE ID 83815 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol HECLA MINING CO/DE/ [ HL ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner X Officer (give title below) Other (specify below) President & CEO
	3. Date of Earliest Transaction (Month/Day/Year) 06/07/2017
	4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/07/2017		A		85,179(1)	A	$5.87	385,932(2)	D
Common Stock	06/08/2017		J		18,592(3)	A	$5.98	18,592	I	By 401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Rights	$0	06/07/2017		A		102,215(4)		01/01/2020	01/01/2020	Common Stock	102,215(5)	$0	420,769(6)	D
Phantom Units	$0	06/07/2017		A		8,775(7)		(8)	(8)	Common Stock	8,775	$0	1,282,609(9)	D

Explanation of Responses:

1. Award of restricted stock units that vest as follows: 28,393 shares on June 21, 2018; 28,393 shares on June 21, 2019; and 28,393 shares on June 21, 2020.

2. Total number of unvested restricted stock units held by Mr. Baker.

3. Held as 1,569.890 units in Mr. Baker's 401(k) account under Hecla Mining Company's Capital Accumulation Plan, and estimated to be 18,592 shares.

4. Mr. Baker was awarded performance rights representing the contingent right to receive between $300,000 and $1,200,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2017 to December 31, 2019) relative to our peers. Examples of the potential grant of shares to Mr. Baker under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($1,120,000 in stock); 60th percentile rank among peers = target award at grant value ($600,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($300,000) in stock.

5. The number shown in Column 5 of Table II assumes a target payout (i.e., $600,000 worth of common stock), with the common stock valued at the closing price on the day of the award ($5.87). The actual number of shares received (if any) by Mr. Baker will depend on the Total Shareholder Return performance over the 3-year period and will be determined following the termination of that period.

6. Represents all similar performance rights held by Mr. Baker.

7. These Phantom Units have been credited to Mr. Baker's company stock account under the Key Employee Deferred Compensation Plan as a result of a company matching contribution under the Key Employee Deferred Compensation Plan, with each unit representing the right to receive one share of company common stock upon retirement or other distribution event.

8. The Phantom Units do not have an exercisable date and/or expiration date because they are deferred until a distribution event under the Key Employee Deferred Compensation Plan.

9. Total number of deferred shares held by Mr. Baker under the Key Employee Deferred Compensation Plan.

	Tami D. Whitman, Attorney-in-Fact for Phillips S. Baker, Jr.	06/09/2017
	** Signature of Reporting Person	Date
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