Sec Form 4 Filing - ADKERSON RICHARD C @ FREEPORT-MCMORAN INC - 2017-07-31

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person ADKERSON RICHARD C 2. Issuer Name and Ticker or Trading Symbol FREEPORT-MCMORAN INC [ FCX] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Vice Chairman, President & CEO (Last) (First) (Middle) 333 NORTH CENTRAL AVENUE 3. Date of Earliest Transaction (MM/DD/YY) 07/31/2017 (Street) PHOENIX, AZ85004 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 07/31/2017 J( 1 ) 227,931 A $ 14.72 1,852,978 ( 2 ) ( 3 ) D Common Stock 20,330 I By IRA Common Stock 629,020 ( 2 ) I Through GRATs

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other ADKERSON RICHARD C 333 NORTH CENTRAL AVENUE PHOENIX, AZ85004 X Vice Chairman, President & CEO Signatures Kelly C. Simoneaux, on behalf of Richard C. Adkerson pursuant to a power of attorney 08/02/2017 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Represents the substitution of shares previously included in a Grantor Retained Annuity Trust ("GRAT") established by the Reporting Person for estate planning purposes, under which he is the sole trustee and sole annuitant. As such, the Reporting Person's total beneficial ownership in FCX has not changed, as he was the beneficial owner of these shares both before and after the transfer, and the amount reported as beneficially owned through his GRATs has been reduced accordingly. ( 2 )Amounts reported as beneficially owned reflect 350,000 shares transferred from the Reporting Person's direct ownership to a GRAT in a transaction exempt under Rule 16a-13. ( 3 )Amount beneficially owned following the reported transactions includes 1,128,000 Common Stock Restricted Stock Units, 1,000,000 of which are vested but deferred.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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