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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
ADKERSON RICHARD C 333 NORTH CENTRAL AVENUE PHOENIX, AZ 85004 |
X | Vice Chairman, President & CEO |
Kelly C. Simoneaux, on behalf of Richard C. Adkerson pursuant to a power of attorney | 08/02/2017 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Represents the substitution of shares previously included in a Grantor Retained Annuity Trust ("GRAT") established by the Reporting Person for estate planning purposes, under which he is the sole trustee and sole annuitant. As such, the Reporting Person's total beneficial ownership in FCX has not changed, as he was the beneficial owner of these shares both before and after the transfer, and the amount reported as beneficially owned through his GRATs has been reduced accordingly. |
(2) | Amounts reported as beneficially owned reflect 350,000 shares transferred from the Reporting Person's direct ownership to a GRAT in a transaction exempt under Rule 16a-13. |
(3) | Amount beneficially owned following the reported transactions includes 1,128,000 Common Stock Restricted Stock Units, 1,000,000 of which are vested but deferred. |