SEC Form 4 · accession 0001246360-18-000530
FREEPORT-MCMORAN INC · FCX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Arnold
Officer — Exec. Vice President and CAO
Period of report
Feb 6, 2018
Accepted (ET)
Feb 8, 2018 · 5:21 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 StockF2 | Feb 6, 2018 | A | 36,500 | $0.00 | A | 361,051 | D | |
| Common StockF1 | holding | — | — | — | 6,186 | I | 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)F4 | $18.74 | Feb 6, 2018 | A | 87,500 | A | Feb 6, 2019 | Feb 6, 2028 | Common Stock | 87,500 | 87,500 | D |
Explanation of responses
- F1Based on plan statement as of December 31, 2017.
- F2Amount beneficially owned following the reported transaction includes 68,500 time-vested Common Stock Restricted Stock Units.
- F3Represents a grant of time-vested Common Stock Restricted Stock Units.
- F433.3% exercisable on the date indicated and on each of the next two anniversaries thereof.
Remarks
In addition to the awards reported herein, on February 6, 2018, the Reporting Person also received a grant of performance share units (PSUs), which will be reflected on a Form 4 if and when such units vest. Vesting of the PSUs will be determined by the Issuer's average return on investment and relative TSR over the three-year performance period ending December 31, 2020.