X0306 4 2016-08-22 0 0000066649 MINES MANAGEMENT INC MGN 0001281821 BABCOCK RUSSELL C 1418 E. KRISTIANNA CIRCLE SALT LAKE CITY UT 84103 1 0 0 0 Common Stock 2016-08-22 4 M 0 25000 0.20 A 146090 D Common Stock 2016-08-22 4 M 0 25000 0.20 A 171090 D Common Stock 2016-08-22 4 M 0 25000 0.91 A 196090 D Common Stock 2016-08-22 4 M 0 25000 0.91 A 221090 D Common Stock 2016-08-22 4 M 0 60000 0.28 A 281090 D Common Stock 2016-08-22 4 F 0 50208 1.44 D 230882 D Stock Options (Right to Buy) 0.20 2016-08-22 4 M 0 25000 0 D 2017-07-18 Common Stock 25000 0 D Stock Options (Right to Buy) 0.20 2016-08-22 4 M 0 25000 0 D 2018-02-19 Common Stock 25000 0 D Stock Options (Right to Buy) 0.91 2016-08-22 4 M 0 25000 0 D 2019-11-30 Common Stock 25000 0 D Stock Options (Right to Buy) 0.91 2016-08-22 4 M 0 25000 0 D 2020-04-15 Common Stock 25000 0 D Stock Options (Right to Buy) 0.28 2016-08-22 4 M 0 60000 0 D 2021-02-12 Common Stock 60000 0 D 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 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 October 27, 2015 and vested 100% on February 12, 2016. /s/ Glenn M. Dobbs for Russell C. Babcock Pursuant to Power of Attorney 2016-08-24