SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

VELTKAMP VICKI J

(Last)

(First)

(Middle)

6500 N. MINERAL DRIVE, SUITE 200

(Street)

COEUR D'ALENE

83815-9408

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
HECLA MINING CO/DE/ [ HL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	V.P. - Inv. & Public Relations

3. Date of Earliest Transaction (Month/Day/Year)
11/16/2007

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/16/2007		M		25,000	A	$5.995	53,869	D
Common Stock	11/16/2007		M		29,250	A	$4.92	83,119	D
Common Stock	11/16/2007		M		5,873	A	$3.717	88,992	D
Common Stock	11/16/2007		M		5,387	A	$6.543	94,379	D
Common Stock	11/16/2007		J		5,387⁽¹⁾	D	$11.15	88,992	D
Common Stock	11/16/2007		S		60,123	D	$11.012	28,869	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Options	$5.995	11/16/2007		M			25,000	05/06/2004	05/06/2009	Common Stock	25,000	$0	83,510	D
Stock Options	$4.92	11/16/2007		M			29,250	05/05/2005	05/05/2010	Common Stock	29,250	$0	54,260	D
Stock Options	$3.717	11/16/2007		M			5,873	05/12/2003	05/12/2010	Common Stock	5,873	$0	48,387	D
Stock Options	$6.543	11/16/2007		M			5,387	08/23/2004	08/23/2011	Common Stock	5,387	$0	43,000	D

Explanation of Responses:

1. These are discounted stock options purchased by Ms. Veltkamp under the terms of the Key Employee Deferred Compensation Plan (the "Plan"). On November 16, 2007, Ms. Veltkamp exercised these stock options within the Plan. These stock options were not sold in the open market. The amount of gain realized by Ms. Veltkamp from the exercise of these stock options will be held in the Investment Account under the Plan, until such time as Ms. Veltkamp has a distributable event under the terms of the Plan, or at such time as Ms. Veltkamp has elected under the terms of the Plan.

Remarks:

	Vicki Veltkamp	11/16/2007
	** 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 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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