0001181431-11-015793.txt : 20110304
0001181431-11-015793.hdr.sgml : 20110304
20110304173052
ACCESSION NUMBER: 0001181431-11-015793
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110303
FILED AS OF DATE: 20110304
DATE AS OF CHANGE: 20110304
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: RANKIN B M JR
CENTRAL INDEX KEY: 0001200693
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-11307-01
FILM NUMBER: 11665857
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: FREEPORT MCMORAN COPPER & GOLD INC
CENTRAL INDEX KEY: 0000831259
STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000]
IRS NUMBER: 742480931
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 333 NORTH CENTRAL AVENUE
CITY: PHOENIX
STATE: AZ
ZIP: 85004
BUSINESS PHONE: 6023668100
MAIL ADDRESS:
STREET 1: 333 NORTH CENTRAL AVENUE
CITY: PHOENIX
STATE: AZ
ZIP: 85004
FORMER COMPANY:
FORMER CONFORMED NAME: FREEPORT MCMORAN COPPER COMPANY INC
DATE OF NAME CHANGE: 19910114
4
1
rrd304185.xml
RANKIN FORM 4 (FCX) - 3/4/11
X0303
4
2011-03-03
0
0000831259
FREEPORT MCMORAN COPPER & GOLD INC
FCX
0001200693
RANKIN B M JR
300 CRESCENT COURT
SUITE 875
DALLAS
TX
75201
1
0
0
0
Common Stock
127000
D
Common Stock
2011-03-03
4
J
0
200000
D
385360
I
By Rankin Interests Ltd. Partnership
Common Stock
2011-03-03
4
P
0
200000
A
585360
I
By Rankin Interests Ltd. Partnership
Forward Sale Contract (right/obligation to sell)
2011-03-03
4
J
0
1
0
D
2011-03-03
2011-03-03
Common Stock
200000
0
I
By Rankin Interests Ltd. Partnership
Amount beneficially owned includes 10,000 Common Stock Restricted Stock Units. On February 1, 2011, the Issuer effected a two-for-one stock split, thus the referenced share amounts reflect the post-split adjustments to shares previously held.
On March 3, 2011, Rankin Interests Limited Partnership (the "LP") settled a range forward sale contract that was entered into on March 3, 2010 with a securities broker. The contract obligated the LP to deliver to the broker 200,000 shares of the Issuer's Common Stock on March 3, 2011 (the "Maturity Date"), with the sale price to be determined and paid on the Maturity Date according to the below formula (share numbers and prices have been adjusted to reflect stock splits and dividends paid during the term of the contract):
(i) if the closing price of a share of Common Stock on the Maturity Date is $31.325 (the Downside Protection Price) or less, the sale price will be $31.325 per share, (ii) if the closing price of a share of Common Stock on the Maturity Date is $46.525 (the Capped Upside Participation Price) or more, the sale price will be $46.525 per share, and (iii) if the closing price of a share of Common Stock on the Maturity Date is between $31.325 and $46.525, the sale price will be the closing price on Maturity Date.
As provided in the contract, the LP elected to settle the contract for cash and retain ownership of the shares in exchange for a payment to the broker representing the difference between the Capped Upside Participation Price ($46.525) and the closing price on the Maturity Date ($52.40).
Kelly C. Simoneaux on behalf of B. M. Rankin, Jr. pursuant to a power of attorney
2011-03-04