SEC Form 4 · accession 0001209191-16-112433
FREEPORT-MCMORAN INC · FCX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James C Flores
Officer — CEO of Subsidiary
Period of report
Mar 31, 2016
Accepted (ET)
Apr 4, 2016 · 5:36 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000831259
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 31, 2016 | M | 42,906 | — | A | 4,375,840 | D | |
| Common Stock | Mar 31, 2016 | D | 42,906 | $10.086 | D | 4,332,934 | D | |
| Common StockF3 | Mar 31, 2016 | F | 7,661 | $10.29 | D | 4,325,273 | D | |
| Common StockF4 | holding | — | — | — | 325 | I | By 401(k) plan | |
| Common Stock | holding | — | — | — | 1,550,458 | I | Flores Family Limited Partnership | |
| Common Stock | holding | — | — | — | 17,350 | I | OLF Partnership, L.P. | |
| Common Stock | holding | — | — | — | 20,000 | I | JCF Partnership, L.P. | |
| Common Stock | holding | — | — | — | 20,000 | I | Mer.FF Partnership, L.P. | |
| Common Stock | holding | — | — | — | 20,000 | I | Ala.GF Partnership, L.P. | |
| Common Stock | holding | — | — | — | 2,086,041 | I | By Sable Management, L.P. | |
| Common Stock | holding | — | — | — | 2,850,000 | I | Flores No. 2 Family Limited Partnership |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units (cash-settled)F1,F5 | — | Mar 31, 2016 | M | 42,906 | D | — | — | Common Stock | 42,906 | 0 | D |
Explanation of responses
- F1Represents the vesting of cash-settled restricted stock units, the value of which is equivalent to the average trading price of FCX common stock for the five trading days prior to vesting.
- F2Shares withheld to cover taxes due upon vesting of 28,962 stock-settled restricted stock units.
- F3Includes 41,832 stock-settled restricted stock units.
- F4Based on plan statement as of December 31, 2015.
- F5As of March 31, 2016, the award is fully vested.