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Filing Details

Accession Number:: 0001181431-12-010035
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-02-17 17:52:20
Reporting Period:: 2012-02-15

Filing Date:: 2012-02-17
Accepted Time:: 2012-02-17 17:52:20
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
831259	Freeport Mcmoran Copper & Gold Inc	FCX	Metal Mining (1000)	742480931

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1168167	R James Moffett	1615 Poydras Street New Orleans LA 70112	Chairman Of The Board	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2012-02-15	250,000	$12.30	603,605	No	4	M	Direct
Common Stock	Disposition	2012-02-15	138,388	$42.40	465,217	No	4	F	Direct
Common Stock	Disposition	2012-02-15	35,686	$42.96	429,531	No	4	F	Direct
Common Stock	Disposition	2012-02-15	175,959	$0.00	253,572	No	4	J	Direct
Common Stock	Acquisiton	2012-02-15	175,959	$0.00	3,195,962	No	4	J	Indirect	By LLC
Common Stock	Disposition	2012-02-15	176,500	$42.40	3,019,462	No	4	S	Indirect	By LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	F	Direct
No	4	F	Direct
No	4	J	Direct
No	4	J	Indirect	By LLC
No	4	S	Indirect	By LLC

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Options (right to buy)	Disposition	2012-02-15	250,000	$0.00	250,000	$12.30
Common Stock	Forward Sale Contract (right/obligation to sell)	Disposition	2012-02-15	1	$0.00	600,000	$0.00
Common Stock	Forward Sale Contract (right/obligation to sell)	Acquisiton	2012-02-15	1	$0.00	450,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
250,000	2010-02-02	2019-02-02	No	4	M	Direct
0			Yes	4	J	Indirect
1			Yes	4	J	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	7,552	Indirect	By Spouse
Common Stock	54,835	Indirect	By 401(k) plan

Footnotes

Shares delivered and withheld in payment of exercise price of options and resulting taxes.
Shares withheld to cover the taxes due upon vesting of 100,033 Performance-Based Restricted Stock Units, the grants of which were previously reported on Forms 4 filed February 4, 2010 and February 10, 2011.
These shares were transferred to Moffett Holdings, L.L.C. (the "LLC") and are now reported as indirectly held by the Reporting Person.
25% exercisable on the date indicated and 25% exercisable on each of the next three anniversaries thereof.
On February 15, 2012, the LLC amended a forward sale contract with a securities broker that was entered into on September 5, 2007. Pursuant to the contract, the LLC had agreed to sell 600,000 shares (the share amount and prices have been adjusted for the Issuer's 2011 stock split) of Common Stock to the securities broker on September 5, 2012, the maturity date, with the sale price to be determined and paid on the maturity date as follows: if the closing sale price of a share of Common Stock on the maturity date were $40.3197 or less, the sale price would be $40.3197 per share; if the closing sale price of a share of Common Stock on the maturity date were $67.1547 or more, the sale price would be $67.1547 per share; if the closing sale price of a share of Common Stock on the maturity date were between $40.3197 and $67.1547, the per share sale price would be the closing sale price on the maturity date. The LLC received a payment of $2,133,856.53 in connection with the amendment.
Under the amended forward sale contract, the LLC agreed to sell 450,000 shares of Common Stock to the securities broker on March 4, 2014, the maturity date, with the sale price to be determined and paid on the maturity date as follows: if the closing sale price of a share of Common Stock on the maturity date is $29.6800 or less, the sale price will be $29.6800 per share; if the closing price of a share of Common Stock on the maturity date is $49.4808 or more, the sale price will be $49.4808 per share; if the closing price of a share of Common Stock on the maturity date is between $29.6800 and $49.4808, the per share sale price will be the closing sale price on the maturity date. The LLC may instead elect to settle the contract in cash and retain ownership of the 450,000 shares.
The LLC has pledged 450,000 shares of the Common Stock to secure its obligations under the contract. The LLC will continue to hold beneficial ownership, and have voting rights and the right to receive quarterly dividend payments of $0.3125 per share with respect to the shares for the term of the contract.
The Reporting Person disclaims beneficial ownership of these shares.
Based on plan statement as of December 31, 2011.