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Form 4 FREEPORT-MCMORAN INC For: Aug 13 Filed by: ADKERSON RICHARD C

December 6, 2021 6:58 PM EST
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: December 31, 2014
Estimated average burden
hours per response: 0.5
  
 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
ADKERSON RICHARD C
(Last) (First) (Middle)
333 NORTH CENTRAL AVENUE
(Street)
PHOENIX AZ 85004
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FREEPORT-MCMORAN INC [ FCX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman of the Board & CEO
3. Date of Earliest Transaction (Month/Day/Year)
08/13/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/13/2021   G (1) V 107,877 D $ 0 1,015,048 (2) I Through GRATs
Common Stock 12/02/2021   M   81,000 A $ 24.08 2,731,882 (2) D  
Common Stock 12/02/2021   M   54,000 A $ 24.08 2,785,882 D  
Common Stock 12/02/2021   M   515,000 A $ 15.52 3,300,882 D  
Common Stock 12/02/2021   M   263,333 A $ 11.87 3,564,215 D  
Common Stock 12/02/2021   M   210,834 A $ 12.04 3,775,049 D  
Common Stock 12/02/2021   F (3)   718,766 D $ 37.1 3,056,283 D  
Common Stock 12/06/2021   S   202,701 D $ 36.7107 (4) 2,853,582 (5) D  
Common Stock               192,330 I BY IRA
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Options (Right to Buy) $ 24.08 12/02/2021   M     81,000 02/06/2013 (6) 02/06/2022 Common Stock 81,000 $ 0 0 D  
Options (Right to Buy) $ 24.08 12/02/2021   M     54,000 02/06/2012 02/06/2022 Common Stock 54,000 $ 0 0 D  
Options (Right to Buy) $ 15.52 12/02/2021   M     515,000 02/07/2018 (6) 02/07/2027 Common Stock 515,000 $ 0 0 D  
Options (Right to Buy) $ 11.87 12/02/2021   M     263,333 02/05/2020 (7) 02/05/2029 Common Stock 263,333 $ 0 131,667 D  
Options (Right to Buy) $ 12.04 12/02/2021   M     210,834 02/04/2021 (7) 02/04/2030 Common Stock 210,834 $ 0 421,666 D  
Explanation of Responses:
1. Upon expiration of a GRAT established by the Reporting Person, 107,877 shares were transferred to the remaindermen of the trust.
2. 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.
3. Shares delivered and withheld in payment of the exercise price of options and resulting taxes.
4. 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.
5. Amount beneficially owned includes 1,109,000 RSUs, 1,000,000 of which are vested but deferred.
6. 25% exercisable on the date indicated and 25% exercisable on each of the three anniversaries thereof.
7. 33% exercisable on the date indicated and 33% exercisable on each of the next two anniversaries thereof.
Kelly C. Simoneaux, on behalf of Richard C. Adkerson pursuant to a power of attorney 12/06/2021
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.

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