Freeport-McMoRan VP exercises options

By Associated Press May 9, 2008 Comments (0)

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A vice president at miner Freeport-McMoRan Copper & Gold Inc. exercised options for 20,000 shares of common stock, according to a Securities and Exchange Commission filing Thursday.

In a Form 4 filed with the SEC, C. Donald Whitmire Jr. reported he exercised options for the shares Monday for $56.50 to $67.36 apiece and then sold the same number of them the same day for $115 apiece.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Freeport-McMoRan is based in Phoenix.

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