0001104659-16-144472.txt : 20160913 0001104659-16-144472.hdr.sgml : 20160913 20160913203859 ACCESSION NUMBER: 0001104659-16-144472 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160913 FILED AS OF DATE: 20160913 DATE AS OF CHANGE: 20160913 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: MINES MANAGEMENT INC CENTRAL INDEX KEY: 0000066649 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 910538859 STATE OF INCORPORATION: ID FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 905 W RIVERSIDE AVENUE STREET 2: SUITE 311 CITY: SPOKANE STATE: WA ZIP: 99201 BUSINESS PHONE: 5098386050 MAIL ADDRESS: STREET 1: 905 W RIVERSIDE AVENUE STREET 2: SUITE 311 CITY: SPOKANE STATE: WA ZIP: 99201 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Dobbs Douglas D CENTRAL INDEX KEY: 0001341495 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-32074 FILM NUMBER: 161884016 MAIL ADDRESS: STREET 1: 905 W RIVERSIDE AVE., SUITE 311 CITY: SPOKANE STATE: WA ZIP: 99201 4 1 a4.xml 4 X0306 4 2016-09-13 1 0000066649 MINES MANAGEMENT INC MGN 0001341495 Dobbs Douglas D 905 W. RIVERSIDE AVE., SUITE 311 SPOKANE WA 99201 1 1 0 0 President & Corp. Secretary Common Stock 2016-09-13 4 D 0 268025 D 0 D Stock Options (Right to Buy) 0.20 2016-09-13 4 D 0 75000 D 2017-07-18 Common Stock 75000 0 D Stock Options (Right to Buy) 0.20 2016-09-13 4 D 0 75000 D 2018-02-19 Common Stock 75000 0 D Stock Options (Right to Buy) 0.57 2016-09-13 4 D 0 14912 D 2018-12-31 Common Stock 14912 0 D Stock Options (Right to Buy) 0.57 2016-09-13 4 D 0 22368 D 2019-06-01 Common Stock 22368 0 D Stock Options (Right to Buy) 0.57 2016-09-13 4 D 0 25088 D 2018-12-31 Common Stock 25088 0 D Stock Options (Right to Buy) 0.57 2016-09-13 4 D 0 37632 D 2019-06-01 Common Stock 37632 0 D Stock Options (Right to Buy) 0.91 2016-09-13 4 D 0 50000 D 2019-11-30 Common Stock 50000 0 D Stock Options (Right to Buy) 0.91 2016-09-13 4 D 0 50000 D 2020-04-15 Common Stock 50000 0 D Stock Options (Right to Buy) 0.54 2016-09-13 4 D 0 100000 D 2020-04-01 Common Stock 100000 0 D Stock Options (Right to Buy) 0.54 2016-09-13 4 D 0 100000 D 2021-02-12 Common Stock 100000 0 D Stock Options (Right to Buy) 0.28 2016-09-13 4 D 0 150000 D 2021-02-12 Common Stock 150000 0 D Common stock disposed of pursuant to the Agreement and Plan of Merger, dated as of May 23, 2016, as amended on June 29, 2016 and July 29, 2016, among Mines Management, Inc. ("Mines Management"), Hecla Mining Company ("Hecla"), and HL Idaho Corp. ("Merger Sub"), whereby Merger Sub was merged with and into Mines Management (the "Merger") and each share of common stock of Mines Management was converted into 0.2218 (the "Exchange Rate") of a share of Hecla common stock, resulting in the receipt of 59,447.9 shares of Hecla common stock plus cash paid in lieu of fractional shares. The closing price of Hecla common stock on September 13, 2016, the effective date of the Merger, was $5.40. The option was granted on July 18, 2012 and vested 100% on July 18, 2012. The option was granted on February 19, 2013 and vested 100% on February 19, 2013. The option was granted on July 19, 2013 and vested 100% on December 31, 2013. The option was granted on July 19, 2013 and vested 100% on June 1, 2014. The option was granted on July 19, 2013 and vested 100% on December 31, 2013. The option was granted on July 19, 2013 and vested 100% on June 1, 2014. The option was granted on June 11, 2014 and vested 100% on November 30, 2014. The option was granted on June 11, 2014 and vested 100% on April 15, 2015. The option was granted on December 12, 2014 and vested 100% on April 1, 2015. The option was granted on December 12, 2014 and vested 100% on February 12, 2016. The option was granted on October 27, 2015 and vested 100% on February 12, 2016. The option was cancelled in connection with the Merger in consideration for shares of Hecla common stock (with cash being paid in lieu of fractional shares) representing the value equal to the difference between (x) the product of the Exchange Rate and the closing price of Hecla common stock on the date prior to the effective date of the Merger and (y) the option exercise price. The closing price of Hecla common stock on September 13, 2016, the effective date of the Merger, was $5.40. The Hecla common stock issued had a value of $81,316.65. The Hecla common stock issued had a value of $81,316.65. The Hecla common stock issued had a value of $10,650.48. The Hecla common stock issued had a value of $15,975.72. The Hecla common stock issued had a value of $17,918.40. The Hecla common stock issued had a value of $26,877.60. The Hecla common stock issued had a value of $18,711.10. The Hecla common stock issued had a value of $18,711.10. The Hecla common stock issued had a value of $74,422.20. The Hecla common stock issued had a value of $74,422.20. The Hecla common stock issued had a value of $150,633.30. /s/ Douglas D. Dobbs 2016-09-13