RICHARD C. ADKERSON - 13 Aug 2021 Form 4 Insider Report for FREEPORT-MCMORAN INC (FCX)

Role
Chairman of the Board & CEO, Director
Signature
Kelly C. Simoneaux, on behalf of Richard C. Adkerson pursuant to a power of attorney
Issuer symbol
FCX
Transactions as of
13 Aug 2021
Net transactions value
-$17,199,710
Form type
4
Filing time
06 Dec 2021, 17:58:06 UTC
Next filing
08 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FCX Common Stock Gift $0 -107,877 -9.6% $0.000000 1,015,048 13 Aug 2021 Through GRATs F1, F2
transaction FCX Common Stock Options Exercise $1,950,480 +81,000 +3.1% $24.08 2,731,882 02 Dec 2021 Direct F2
transaction FCX Common Stock Options Exercise $1,300,320 +54,000 +2% $24.08 2,785,882 02 Dec 2021 Direct
transaction FCX Common Stock Options Exercise $7,992,800 +515,000 +18% $15.52 3,300,882 02 Dec 2021 Direct
transaction FCX Common Stock Options Exercise $3,125,763 +263,333 +8% $11.87 3,564,215 02 Dec 2021 Direct
transaction FCX Common Stock Options Exercise $2,538,441 +210,834 +5.9% $12.04 3,775,049 02 Dec 2021 Direct
transaction FCX Common Stock Tax liability $26,666,219 -718,766 -19% $37.10 3,056,283 02 Dec 2021 Direct F3
transaction FCX Common Stock Sale $7,441,296 -202,701 -6.6% $36.71 2,853,582 06 Dec 2021 Direct F4, F5
holding FCX Common Stock 192,330 13 Aug 2021 BY IRA

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FCX Options (Right to Buy) Options Exercise $0 -81,000 -100% $0.000000* 0 02 Dec 2021 Common Stock 81,000 $24.08 Direct F6
transaction FCX Options (Right to Buy) Options Exercise $0 -54,000 -100% $0.000000* 0 02 Dec 2021 Common Stock 54,000 $24.08 Direct
transaction FCX Options (Right to Buy) Options Exercise $0 -515,000 -100% $0.000000* 0 02 Dec 2021 Common Stock 515,000 $15.52 Direct F6
transaction FCX Options (Right to Buy) Options Exercise $0 -263,333 -67% $0.000000 131,667 02 Dec 2021 Common Stock 263,333 $11.87 Direct F7
transaction FCX Options (Right to Buy) Options Exercise $0 -210,834 -33% $0.000000 421,666 02 Dec 2021 Common Stock 210,834 $12.04 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon expiration of a GRAT established by the Reporting Person, 107,877 shares were transferred to the remaindermen of the trust.
F2 Since the date of Mr. Adkerson's last Form 4, an aggregate 632,426 shares of the Issuer's Common Stock previously reported as directly held have been transferred to GRATs and are now reported as indirectly held.
F3 Shares delivered and withheld in payment of the exercise price of options and resulting taxes.
F4 The price reported represents the weighted average price of the shares sold. Shares were sold at varying prices in the range of $36.4700 - $36.8950. 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.
F5 Amount beneficially owned includes 1,109,000 RSUs, 1,000,000 of which are vested but deferred.
F6 25% exercisable on the date indicated and 25% exercisable on each of the three anniversaries thereof.
F7 33% exercisable on the date indicated and 33% exercisable on each of the next two anniversaries thereof.