0001166074-20-000002.txt : 20200624 0001166074-20-000002.hdr.sgml : 20200624 20200624183119 ACCESSION NUMBER: 0001166074-20-000002 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200622 FILED AS OF DATE: 20200624 DATE AS OF CHANGE: 20200624 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: 20986640 MAIL ADDRESS: STREET 1: 6500 NORTH MINERAL DRIVE STREET 2: SUITE 200 CITY: COEUR D 'ALENE STATE: ID ZIP: 83815 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 4 1 primary_doc.xml PRIMARY DOCUMENT X0306 4 2020-06-22 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 2020-06-22 4 A 0 132013 3.03 A 320456 D Common Stock 2020-06-22 4 J 0 38996 3.03 A 38996 I By 401(k) Plan Performance Rights 0 2020-06-22 4 A 0 132013 0 A 2023-01-01 2023-01-01 Common Stock 132013 5943863 D Award of restricted stock units that vest as follows: 44,005 shares on June 21, 2021, 44,004 shares on June 21, 2022, and 44,004 shares on June 21, 2023. Total number of unvested restricted stock units held by Mr. Baker. Held as 3.235.465 units in Mr. Baker's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 38,996 shares. Mr. Baker was awarded performance rights representing the contingent right to receive between $200,000 and $800,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2020 to December 31, 2022) 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% target ($800,000 in stock); 60th percentile rank among peers = target award at grant value ($400,000 in stock); and 50th percentile rank among peers = threshold award at 50% target ($200,000 in stock). The number shown in Column 5 of Table II assumes a target payout (i.e., $400,000 worth of common stock), with the common stock valued at the closing price on the day of the award ($3.03). 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. Total consists of 3,267,033 shares held directly, 1,795,964 deferred shares under the Hecla Mining Company Key Employee Deferred Compensation Plan, 560,410 performance-based shares, and 320,456 unvested restricted stock units. Tami D. Whitman, Attorney-in-Fact for Phillips S. Baker, Jr. 2020-06-24