SEC Form 4 · accession 0001246360-18-000434
FREEPORT-MCMORAN INC · FCX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
C Donald Whitmire Jr.
Officer — VP & Controller Financial Rptg
Period of report
Jan 31, 2018
Accepted (ET)
Feb 1, 2018 · 5:42 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 | Jan 31, 2018 | M | 10,000 | $4.35 | A | 70,239 | D | |
| Common Stock | Jan 31, 2018 | S | 2,000 | $19.494 | D | 3,700 | I | Through GRAT |
| Common Stock | Jan 31, 2018 | S | 2,000 | $19.494 | D | 3,725 | I | By Spouse, through GRAT |
| Common StockF3,F4 | Jan 31, 2018 | S | 17,500 | $19.4942 | D | 52,739 | D | |
| Common StockF1 | holding | — | — | — | 1,897 | I | Through 401(k) Plan |
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)F2 | $4.35 | Jan 31, 2018 | M | 10,000 | D | Feb 2, 2017 | Feb 2, 2026 | Common Stock | 10,000 | 61,500 | D |
Explanation of responses
- F1Based on plan statement as of December 31, 2017.
- F225% exercisable on the date indicated and 25% exercisable on each of the next three anniversaries thereof.
- F3Amount beneficially owned following the reported transactions includes 16,333 time-vested Common Stock Restricted Stock Units.
- F4The price reported represents the weighted average price of the shares sold. Shares were sold at varying prices in the range of $19.48 - $19.5030. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.