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

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * VELTKAMP VICKI J   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 (Last) (First) (Middle) 6500 N. MINERAL DRIVE, SUITE 200 3. Date of Earliest Transaction (Month/Day/Year) 11/16/2007 (Street) COEUR D'ALENE, ID 83815-9408 4. If Amendment, Date 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 (City) (State) (Zip) 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) Code V Amount (A) or (D) Price 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

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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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

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

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
VELTKAMP VICKI J 6500 N. MINERAL DRIVE, SUITE 200 COEUR D'ALENE, ID 83815-9408			V.P. - Inv. & Public Relations

Signatures

Vicki Veltkamp		11/16/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(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.

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