FREEPORT-MCMORAN INC — Director's Dealing 2013

Jun 5, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FREEPORT MCMORAN COPPER & GOLD INC (FCX)
CIK: 0000831259
Period of Report: 2013-06-03

Reporting Person: RANKIN B M JR (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-06-03	Options (Right to Buy)	$34.63	A	1890	Acquired	2015-06-01	Common Stock (1890)	Direct
2013-06-03	Options (Right to Buy)	$31.67	A	1890	Acquired	2016-06-01	Common Stock (1890)	Direct
2013-06-03	Options (Right to Buy)	$28.10	A	472	Acquired	2017-06-01	Common Stock (472)	Direct
2013-06-03	Options (Right to Buy)	$59.12	A	2700	Acquired	2018-06-01	Common Stock (2700)	Direct
2013-06-03	Options (Right to Buy)	$13.82	A	2024	Acquired	2019-06-01	Common Stock (2024)	Direct
2013-06-03	Options (Right to Buy)	$17.56	A	2700	Acquired	2020-06-01	Common Stock (2700)	Direct
2013-06-03	Options (Right to Buy)	$32.60	A	5400	Acquired	2021-06-01	Common Stock (5400)	Direct
2013-06-03	Options (Right to Buy)	$16.34	A	5400	Acquired	2022-06-01	Common Stock (5400)	Direct

Footnotes

F1: To the extent unvested, these options became fully vested and exercisable at the effective time of the merger described in Footnote 2.

F2: Acquired pursuant to the Agreement and Plan of Merger by and among the Issuer, McMoRan Exploration Co. ("MMR") and a wholly owned subsidiary of the Issuer (the "Merger Agreement") in exchange for options to purchase MMR common stock. Options to purchase shares of MMR common stock were converted into options to purchase shares of Issuer common stock, with the number of shares subject to the Issuer options equal to the number of shares subject to the corresponding MMR options multiplied by 0.5400, and rounded down to the nearest whole share. The exercise price of the Issuer options is equal to the exercise price of the corresponding MMR options, divided by 0.5400, and rounded up to the nearest whole cent.