0001481905-19-000003.txt : 20190625
0001481905-19-000003.hdr.sgml : 20190625
20190625194618
ACCESSION NUMBER: 0001481905-19-000003
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190621
FILED AS OF DATE: 20190625
DATE AS OF CHANGE: 20190625
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Sienko David C
CENTRAL INDEX KEY: 0001481905
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08491
FILM NUMBER: 19919713
BUSINESS ADDRESS:
BUSINESS PHONE: (208) 769-4100
MAIL ADDRESS:
STREET 1: 6500 N. MINERAL DRIVE, 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
2019-06-21
0
0000719413
HECLA MINING CO/DE/
HL
0001481905
Sienko David C
6500 N. MINERAL DRIVE, SUITE 200
COEUR D'ALENE
ID
83815
0
1
0
0
VP & General Counsel
Common Stock
2019-06-21
4
F
0
11148
0
D
540570
D
Common Stock
2019-06-21
4
A
0
81522
1.84
A
120729
D
Performance Rights
0
2019-06-21
4
A
0
54348
0
A
2022-01-01
2022-01-01
Common Stock
54348
751580
D
Mr. Sienko was awarded (i)35,000 restricted stock units on June 7, 2016, (ii) 26,235 restricted stock units on June 7, 2017, and (iii) 45,692 restricted stock units on June 19, 2018. The restrictions lapsed on 1/3 of those vesting units (35,642 shares). Mr. Sienko elected to have Hecla Mining Company withhold 11,148 shares to cover his tax liability.
Award of restricted stock units that vest as follows: 27,174 shares on June 21, 2020; 27,174 shares on June 21, 2021; and 27,174 shares on June 21, 2022.
Total number of unvested restricted stock units held by Mr. Sienko.
Mr. Sienko was awarded performance rights representing the contingent right to receive between $50,000 and $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, 2019 to December 31, 2021) relative to our peers. Examples of the potential grant of shares to Mr. Sienko under this plan are as follows: 100th percentile rank among peers = maximum award at 200% target ($200,000 in stock); 60th percentile rank among peers = target award at grant value ($100,000 in stock); and 50th percentile rank among peers = threshold award at 50% of target ($50,000 in stock).
The number shown in Column 5 of Table II assumes a target payout (i.e., $100,000 worth of common stock), with the common stock valued at the closing price on the day of the award ($1.84). The actual number of shares received (if any) by Mr. Sienko 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 540,570 shares held directly, 120,729 unvested restricted stock units, and 90,281 performance-based shares.
Tami D. Whitman, Attorney-in-Fact for David C. Sienko
2019-06-25