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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-04	Common Stock	M	902887	$4.35	Acquired	3724573	Direct
2020-12-04	Common Stock	F	216969	$25.06	Disposed	3507604	Direct
2020-12-04	Common Stock	S	467887	$25.1703	Disposed	3039717	Direct
2020-12-07	Common Stock	M	182113	$4.35	Acquired	3221830	Direct
2020-12-07	Common Stock	F	91209	$24.58	Disposed	3130621	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-04	Options (Right to Buy)	$4.35	M	902887	Disposed	2026-02-02	Common Stock (902887)	Direct
2020-12-07	Options (Right to Buy)	$4.35	M	182113	Disposed	2026-02-02	Common Stock (182113)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	620801	Indirect
Common Stock	192330	Indirect

Footnotes

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

F2: The price reported represents the weighted average price of the shares sold. Shares were sold at varying prices in the range of $25.1000 - $25.3000. 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.

F3: As a result of these transactions, the Reporting Person's beneficial ownership increased by 308,935 shares, from 2,821,686 shares to 3,130,621 shares. Amount beneficially owned includes 1,358,163 Common Stock Restricted Stock Units, 1,000,000 of which are vested but deferred.

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