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