0001166074-16-000006.txt : 20160608
0001166074-16-000006.hdr.sgml : 20160608
20160608173012
ACCESSION NUMBER: 0001166074-16-000006
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160607
FILED AS OF DATE: 20160608
DATE AS OF CHANGE: 20160608
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: HECLA MINING CO/DE/
CENTRAL INDEX KEY: 0000719413
STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]
IRS NUMBER: 770664171
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 6500 N MINERAL DRIVE SUITE 200
STREET 2: NONE
CITY: COEUR D'ALENE
STATE: ID
ZIP: 83815-9408
BUSINESS PHONE: 2087694100
MAIL ADDRESS:
STREET 1: 6500 N MINERAL DRIVE SUITE 200
STREET 2: NONE
CITY: COEUR D'ALENE
STATE: ID
ZIP: 83815-9408
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BAKER PHILLIPS S JR
CENTRAL INDEX KEY: 0001166074
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08491
FILM NUMBER: 161704359
MAIL ADDRESS:
STREET 1: 6500 NORTH MINERAL DRIVE
STREET 2: SUITE 200
CITY: COEUR D 'ALENE
STATE: ID
ZIP: 83815
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0306
4
2016-06-07
0
0000719413
HECLA MINING CO/DE/
HL
0001166074
BAKER PHILLIPS S JR
6500 NORTH MINERAL DRIVE
SUITE 200
COEUR D 'ALENE
ID
83815
1
1
0
0
President & CEO
Common Stock
2016-06-07
4
A
0
113636
0
A
476447
D
Performance Rights
0
2016-06-07
4
A
0
113636
0
A
2019-01-01
2019-01-01
Common Stock
113636
470069
D
Award of restricted stock units that vest as follows: 37,878 shares on June 21, 2017; 37,879 shares on June 21, 2018; and 37,879 shares on June 21, 2019.
Total number of unvested restricted stock units held by Mr. Baker.
Mr. Baker was awarded performance rights representing the contingent right to receive between $250,000 and $1 million worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2016 to December 31, 2018) 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 million in stock); 60th percentile rank among peers = target award at grant value ($500,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($250,000 in stock).
The number shown in Column 5 of Table II assumes 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 ($4.40). 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.
Represents all similar performance rights held by Mr. Baker.
Tami D. Whitman, Attorney-in-Fact for Phillips S. Baker, Jr.
2016-06-08