FREEPORT-MCMORAN INC — Director's Dealing 2017

Aug 2, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FREEPORT-MCMORAN INC (FCX)
CIK: 0000831259
Period of Report: 2017-07-31

Reporting Person: ADKERSON RICHARD C (Director, Vice Chairman, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-07-31	Common Stock	J	227931	$14.72	Acquired	1852978	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	20330	Indirect
Common Stock	629020	Indirect

Footnotes

F1: 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.

F2: 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.

F3: 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.