SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Clary Michael L. (Last) (First) (Middle) 6500 N. MINERAL DR., SUITE 200 (Street) COEUR D'ALENE ID 83815 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 07/01/2021	3. Issuer Name and Ticker or Trading Symbol HECLA MINING CO/DE/ [ HL ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Sr. VP & Chief Admin. Officer	5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	47,391(1)	D
Common Stock	80,070(2)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Rights	01/01/2024	01/01/2024	Common Stock	13,959(3)	$0	D

Explanation of Responses:

1. 39,825 shares are held directly by Mr. Clary. 7,566 shares are held in trusts for two minor children.

2. Restricted stock units that were previously awarded and will vest as follows: 14,492 RSUs, granted 6/21/2019, and vesting on June 21, 2022. 44,004 RSUs, granted 6/22/2020, and vesting 1/3 on June 21, 2022 (22,002 shares), and June 21, 2023 (22,002 shares). 21,574 RSUs, granted 6/21/2021, and vesting 1/3 on June 21, 2022 (7,192 shares), June 21, 2023 (7,191 shares), and June 21, 2024 (7,191 shares).

3. Mr. Clary was awarded performance rights representing the contingent right to receive between $55,000 and $220,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2021 to December 31, 2023) relative to our peers. Examples of the potential grant of shares to Mr. Clary under this plan are as follows: 100th percentile rank among peers = maximum award at 200% target ($220,000 in stock); 60th percentile rank among peers = target award at grant value ($110,000 in stock); and 50th percentile rank among peers =- threshold award at 50% of target ($55,000 in stock).

	Tami D. Whitman, Attorney-in-Fact for Michael L. Clary	07/01/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
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