SEC Form 4 · accession 0001246360-19-000481
FREEPORT-MCMORAN INC · FCX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kathleen L Quirk
Officer — EVP, CFO & Treasurer
Period of report
Feb 5, 2019
Accepted (ET)
Feb 7, 2019 · 6:21 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 Stock | Feb 5, 2019 | A | 84,000 | $0.00 | A | 664,088 | D | |
| Common Stock | Feb 5, 2019 | A | 358,800 | $0.00 | A | 1,022,888 | D | |
| Common StockF4 | Feb 5, 2019 | F | 144,780 | $11.86 | D | 878,108 | D |
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 | $11.87 | Feb 5, 2019 | A | 197,500 | A | Feb 5, 2020 | Feb 5, 2029 | Common Stock | 197,500 | 197,500 | D |
Explanation of responses
- F1Represents a grant of time-vested Common Stock Restricted Stock Units.
- F233.3% exercisable on the date indicated and on each of the next two anniversaries thereof.
- F3Shares acquired through vesting of performance share units (PSUs) granted on March 30, 2016.
- F4Amount beneficially owned following the reported transaction includes 265,000 time-vested Common Stock Restricted Stock Units.
- F5Shares withheld to cover the taxes due upon the vesting of 358,800 PSUs.
Remarks
In addition to the awards reported herein, on February 5, 2019, 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, 2021.