SEC Form 4 · accession 0001104659-16-144473
MINES MANAGEMENT INC · MGN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jerry Pogue
Director
Period of report
Sep 13, 2016
Accepted (ET)
Sep 13, 2016 · 8:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000066649
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F10,F11,F1 | $0.20 | Sep 13, 2016 | D | 25,000 | D | — | Jul 18, 2017 | Common Stock | 25,000 | 0 | D |
| Stock Options (Right to Buy)F10,F12,F2 | $0.20 | Sep 13, 2016 | D | 25,000 | D | — | Feb 19, 2018 | Common Stock | 25,000 | 0 | D |
| Stock Options (Right to Buy)F10,F13,F3 | $0.57 | Sep 13, 2016 | D | 40,000 | D | — | Dec 31, 2018 | Common Stock | 40,000 | 0 | D |
| Stock Options (Right to Buy)F10,F14,F4 | $0.57 | Sep 13, 2016 | D | 60,000 | D | — | Jun 1, 2019 | Common Stock | 60,000 | 0 | D |
| Stock Options (Right to Buy)F10,F15,F5 | $0.91 | Sep 13, 2016 | D | 25,000 | D | — | Nov 30, 2019 | Common Stock | 25,000 | 0 | D |
| Stock Options (Right to Buy)F10,F16,F6 | $0.91 | Sep 13, 2016 | D | 25,000 | D | — | Apr 15, 2020 | Common Stock | 25,000 | 0 | D |
| Stock Options (Right to Buy)F10,F17,F7 | $0.54 | Sep 13, 2016 | D | 25,000 | D | — | Apr 1, 2020 | Common Stock | 25,000 | 0 | D |
| Stock Options (Right to Buy)F10,F18,F8 | $0.54 | Sep 13, 2016 | D | 25,000 | D | — | Feb 12, 2021 | Common Stock | 25,000 | 0 | D |
| Stock Options (Right to Buy)F10,F19,F9 | $0.28 | Sep 13, 2016 | D | 60,000 | D | — | Feb 12, 2021 | Common Stock | 60,000 | 0 | D |
Explanation of responses
- F1The option was granted on July 18, 2012 and vested 100% on July 18, 2012.
- F10The option was cancelled in connection with the Agreement and Plan of Merger, dated as of May 23, 2016, as amended on June 29, 2016 and July 29, 2016, among Mines Management, Inc. ("Mines Management"), Hecla Mining Company ("Hecla"), and HL Idaho Corp. ("Merger Sub"), whereby Merger Sub was merged with and into Mines Management (the "Merger"). The option was cancelled in consideration for shares of Hecla common stock (with cash being paid in lieu of fractional shares) representing the value equal to the difference between (x) the product of 0.2218 and the closing price of Hecla common stock on the date prior to the effective date of the Merger and (y) the option exercise price. The closing price of Hecla common stock on September 13, 2016, the effective date of the Merger, was $5.40.
- F11The Hecla common stock issued had a value of $27,105.55.
- F12The Hecla common stock issued had a value of $27,105.55.
- F13The Hecla common stock issued had a value of $28,568.88.
- F14The Hecla common stock issued had a value of $42,853.32.
- F15The Hecla common stock issued had a value of $9,355.55.
- F16The Hecla common stock issued had a value of $9,355.55.
- F17The Hecla common stock issued had a value of $18,605.55.
- F18The Hecla common stock issued had a value of $18,605.55.
- F19The Hecla common stock issued had a value of $60,253.32.
- F2The option was granted on February 19, 2013 and vested 100% on February 19, 2013.
- F3The option was granted on July 19, 2013 and vested 100% on December 31, 2013.
- F4The option was granted on July 19, 2013 and vested 100% on June 1, 2014.
- F5The option was granted on June 11, 2014 and vested 100% on November 30, 2014.
- F6The option was granted on June 11, 2014 and vested 100% on April 15, 2015.
- F7The option was granted on December 12, 2014 and vested 100% on April 1, 2015.
- F8The option was granted on December 12, 2014 and vested 100% on February 12, 2016.
- F9The option was granted on October 27, 2015 and vested 100% on February 12, 2016.