0001166074-17-000002.txt : 20170609 0001166074-17-000002.hdr.sgml : 20170609 20170609164111 ACCESSION NUMBER: 0001166074-17-000002 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170607 FILED AS OF DATE: 20170609 DATE AS OF CHANGE: 20170609 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: 17903428 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 2017-06-07 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 2017-06-07 4 A 0 85179 5.87 A 385932 D Common Stock 2017-06-08 4 J 0 18592 5.98 A 18592 I By 401(k) Plan Performance Rights 0 2017-06-07 4 A 0 102215 0 A 2020-01-01 2020-01-01 Common Stock 102215 420769 D Phantom Units 0 2017-06-07 4 A 0 8775 0 A Common Stock 8775 1282609 D 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. Total number of unvested restricted stock units held by Mr. Baker. 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. 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. 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. Represents all similar performance rights held by Mr. Baker. 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. 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. 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. 2017-06-09