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Filing Details

Accession Number:: 0001181431-14-035597
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-11-05 17:32:24
Reporting Period:: 2014-11-03

Filing Date:: 2014-11-05
Accepted Time:: 2014-11-05 17:32:24
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
831259	Freeport-Mcmoran Inc	FCX	Metal Mining (1000)	742480931

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1168167	R James Moffett	1615 Poydras Street New Orleans LA 70112	Chairman Of The Board	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2014-11-03	250,000	$12.30	656,998	No	4	M	Direct
Common Stock	Acquisiton	2014-11-03	135,000	$11.93	791,998	No	4	M	Direct
Common Stock	Acquisiton	2014-11-03	108,000	$11.93	899,998	No	4	M	Direct
Common Stock	Disposition	2014-11-03	332,912	$27.79	567,086	No	4	F	Direct
Common Stock	Disposition	2014-11-03	160,088	$0.00	406,998	No	4	J	Direct
Common Stock	Acquisiton	2014-11-03	160,088	$0.00	3,261,825	No	4	J	Indirect	By LLC
Common Stock	Disposition	2014-11-03	161,000	$27.79	3,100,825	No	4	S	Indirect	By LLC
Common Stock	Disposition	2014-11-03	1,122,750	$0.00	1,978,075	Yes	4	J	Indirect	By LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	F	Direct
No	4	J	Direct
No	4	J	Indirect	By LLC
No	4	S	Indirect	By LLC
Yes	4	J	Indirect	By LLC

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stck	Options (right to buy)	Disposition	2014-11-03	250,000	$0.00	250,000	$12.30
Common Stock	Options (right to buy)	Disposition	2014-11-03	135,000	$0.00	135,000	$11.93
Common Stock	Options (right to buy)	Disposition	2014-11-03	108,000	$0.00	108,000	$11.93
Common Stock	Forward Sale Contract (obligation to sell)	Disposition	2014-11-03	1	$0.00	1,500,000	$0.00
Common Stock	Forward Sale Contract (obligation to sell)	Disposition	2014-11-03	1	$0.00	300,000	$0.00

Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2010-02-02	2019-02-02	No	4	M	Direct
2009-02-02	2019-02-02	No	4	M	Direct
2010-02-02	2019-02-02	No	4	M	Direct
		Yes	4	J	Indirect
		Yes	4	J	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	7,552	Indirect	By Spouse
Common Stock	60,837	Indirect	By 401(k) plan

Footnotes

Shares delivered and withheld in payment of exercise price of options and resulting taxes.
These shares were transferred to Moffett Holdings, L.L.C. (the "LLC") and are now reported as indirectly held by the Reporting Person.
Represents performance-based restricted stock units.
On November 3, 2014, the LLC settled a prepaid forward sale contract that was entered into on May 28, 2009 with a securities broker. The contract obligated the LLC to sell up to 1,500,000 shares of Common Stock to the securities broker on November 3, 2014, the maturity date. In exchange for assuming this obligation, the LLC received a cash payment of $25,752,938 as of the date of entering the contract. The contract provided that the number of shares to be delivered at maturity would be determined as follows: (a) if the closing sale prices of a share of Common Stock on the maturity date is less than or equal to $20.801, the LLC will deliver to the buyer 1,500,000 shares; (continued in footnote 5)
(b) if the closing sale price is greater than $20.801 and less than $46.46425, the LLC will deliver to the buyer a number of shares of Common Stock equal to 1,500,000 shares multiplied by the following fraction: $20.801 divided by the closing sale price on the maturity date; and (c) if the closing price of a share of Common Stock is greater than $46.46425, the LLC will deliver to the buyer a number of shares of Common Stock equal to 1,500,000 multiplied by the following fraction: 1 minus (25.66325 divided by the closing price on the maturity date). On November 3, 2014, the maturity date, the closing sale price was $27.79. Accordingly, the LLC transferred to the buyer 1,122,750 shares in accordance with the terms of the contract (share numbers and prices have been adjusted to reflect the stock split which occurred on Februrary 1, 2011).
On November 3, 2014, the LLC settled a postpaid forward sale contract that was entered into on May 28, 2009 with a securities broker. The contract obligated the LLC to sell 300,000 shares of Common Stock to the securities broker on November 3, 2014, the maturity date, with the sale price to be determined and paid on the maturity date as follows: (a) if the closing sale price of a share of Common Stock on the maturity date is less than or equal to $20.801, the sale price would be $20.801 per share; (b) if the closing price of a share of Common Stock on the maturity date is greater than or equal to $46.46425, the sale price would be $46.46425 per share; (continued in footnote 7)
(c) if the closing price of a share of Common Stock on the maturity date is greater than $20.861 and less than $46.46425, the per share sales price would be the closing sale price on the maturity date (share numbers and prices have been adjusted to reflect the stock split which occurred on Februrary 1, 2011). On November 3, 2014, the maturity date, the closing sale price was $27.79, and the contract was cash-settled with no net payments to either party.
The Reporting Person disclaims beneficial ownership of these shares.
Based on plan statement as of December 31, 2013.
25% exercisable on the date indicated and 25% exercisable on each of the next three anniversaries thereof.