Gerald J. Ford - 17 May 2021 Form 4 Insider Report for FREEPORT-MCMORAN INC (FCX)

Role
Director
Signature
Kelly C. Simoneaux, on behalf of Gerald J. Ford, pursuant to a power of attorney
Issuer symbol
FCX
Transactions as of
17 May 2021
Net transactions value
-$314,110
Form type
4
Filing time
18 May 2021, 17:28:56 UTC
Next filing
04 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FCX Common Stock Options Exercise $88,236 +5,400 +30% $16.34 23,600 17 May 2021 Direct
transaction FCX Common Stock Options Exercise $320,700 +10,000 +42% $32.07 33,600 17 May 2021 Direct
transaction FCX Common Stock Options Exercise $176,040 +5,400 +16% $32.60 39,000 17 May 2021 Direct
transaction FCX Common Stock Sale $899,086 -20,800 -53% $43.23 18,200 17 May 2021 Direct F2, F3

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 -5,400 -100% $0.000000* 0 17 May 2021 Common Stock 5,400 $32.60 Direct
transaction FCX Options (right to buy) Options Exercise $0 -5,400 -100% $0.000000* 0 17 May 2021 Common Stock 5,400 $16.34 Direct
transaction FCX Options (right to buy) Options Exercise $0 -10,000 -100% $0.000000* 0 17 May 2021 Common Stock 10,000 $32.07 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 25% exercisable on the date indicated and 25% exercisable on each of the next three anniversaries thereof.
F2 Represents 18,200 Common Stock Restricted Stock Units.
F3 The price reported represents the weighted average price of the shares sold. Shares were sold at varying prices in the range of $43.22 - $43.25. 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.

Remarks:

As noted in the Issuer's Proxy Statement filed on April 22, 2021, Mr. Ford will retire as a director effective upon the expiration of his current term, which ends in connection with the Issuer's 2021 annual meeting of stockholders in June 2021.