SEC Form 4 · accession 0001209191-17-009153
FREEPORT-MCMORAN INC · FCX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard C Adkerson
Officer — Vice Chairman, President & CEO · Director
Period of report
Feb 7, 2017
Accepted (ET)
Feb 9, 2017 · 5:25 pm EST
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 Stock | Dec 21, 2016 | G | 345,294 | $0.00 | D | 1,847,047 | D | |
| Common StockF2 | Feb 7, 2017 | A | 128,000 | $0.00 | A | 1,975,047 | D | |
| Common Stock | holding | — | — | — | 20,330 | I | By IRA | |
| Common Stock | holding | — | — | — | 506,951 | I | Through Trusts |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (Right to Buy)F3 | $15.52 | Feb 7, 2017 | A | 515,000 | A | Feb 7, 2018 | Feb 7, 2027 | Common Stock | 515,000 | 515,000 | D |
Explanation of responses
- F1Represents a grant of time vested Common Stock Restricted Stock Units.
- F2Amount beneficially owned following the reported transaction includes 1,128,000 Common Stock Restricted Stock Units, 1,000,000 of which are vested but deferred.
- F325% exercisable on the date indicated and 25% exercisable on each of the next three anniversaries thereof
Remarks
In addition to the awards reported herein, on February 7, 2017, the Reporting Person also received grants of performance share units and performance-based restricted stock units, which will be reflected on a Form 4 if and when such units vest. Since the date of the Reporting Person's last Form 4, 286,049 shares of the Issuer's Common Stock previously reported as held through trusts are now reported as directly held.