FREEPORT-MCMORAN INC — Director's Dealing 2020

Dec 8, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FREEPORT-MCMORAN INC (FCX)
CIK: 0000831259
Period of Report: 2020-12-04

Reporting Person: QUIRK KATHLEEN L (EVP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-04	Common Stock	M	705000	$4.35	Acquired	1890655	Direct
2020-12-04	Common Stock	F	117986	$25.06	Disposed	1772669	Direct
2020-12-04	Common Stock	S	485000	$25.2696	Disposed	1287669	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-04	Options (Right to Buy)	$4.35	M	705000	Disposed	2026-02-02	Common Stock (705000)	Direct

Footnotes

F1: Shares delivered and withheld in payment of a portion of the exercise price of options and resulting taxes.

F2: As a result of these transactions, the Reporting Person's beneficial ownership increased by 102,014 shares, from 1,185,655 shares to 1,287,669 shares. Amount beneficially owned following the reported transactions includes 325,998 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 $25.2000 - $25.3200. 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.

F4: 25% exercisable on the date indicated and 25% exercisable on each of the next three anniversaries thereof.