<SEC-DOCUMENT>0000928464-16-000221.txt : 20160913
<SEC-HEADER>0000928464-16-000221.hdr.sgml : 20160913
<ACCEPTANCE-DATETIME>20160913171316
ACCESSION NUMBER:		0000928464-16-000221
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20160913
DATE AS OF CHANGE:		20160913

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FREEPORT-MCMORAN INC
		CENTRAL INDEX KEY:			0000831259
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				742480931
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-41332
		FILM NUMBER:		161883445

	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 & GOLD INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FREEPORT MCMORAN COPPER COMPANY INC
		DATE OF NAME CHANGE:	19910114

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ICAHN CARL C
		CENTRAL INDEX KEY:			0000921669
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		C/O ICAHN ASSOCIATES HOLDING LLC
		STREET 2:		767 FIFTH AVE., SUITE 4700
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10153
		BUSINESS PHONE:		212-702-4300

	MAIL ADDRESS:	
		STREET 1:		C/O ICAHN ASSOCIATES HOLDING LLC
		STREET 2:		767 FIFTH AVE., SUITE 4700
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10153

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ICAHN CARL C ET AL
		DATE OF NAME CHANGE:	19950612
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: center">SECURITIES AND EXCHANGE COMMISSION</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: center">Washington, D.C. 20549</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: center">SCHEDULE 13D</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: center">Under the Securities Exchange Act of 1934</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: center">(Amendment No. 4)*</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: center">Freeport-McMoRan Inc.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: center">(Name of Issuer)</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: center">common stock, par value $0.10 per share</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: center">(Title of Class of Securities)</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: center">35671D857</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: center">(CUSIP Number)</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: center">Jesse Lynn, Esq.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: center">Icahn Capital LP</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: center">767 Fifth Avenue, 47<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">th</sup> Floor</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: center">New York, New York 10153</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: center">(212) 702-4300</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: center">(Name, Address and Telephone Number of Person Authorized to</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: center">Receive Notices and Communications)</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: center">September 13, 2016</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: center">(Date of Event which Requires Filing of this Statement)</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify">If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Section 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box / /.</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify">NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d&#8209;7 for other parties to whom copies are to be sent.</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify">*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify">The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: center">SCHEDULE 13D</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify">Item 1. Security and Issuer</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt">This statement constitutes Amendment No. 4 to the Schedule 13D relating to the shares of common stock, par value $0.10 per share ("Shares"), issued by Freeport-McMoRan Inc. (the "Issuer"), and hereby amends the Schedule 13D filed with the Securities and Exchange Commission on August 27, 2015, as amended by Amendment No. 1 to the Schedule 13D, filed with the Securities and Exchange Commission on September 18, 2015, Amendment No. 2 to the Schedule 13D, filed with the Securities and Exchange Commission on September 23, 2015, and Amendment No. 3 to the Schedule 13D, filed with the Securities and Exchange Commission on October 7, 2015 (collectively, the "Schedule 13D"), to furnish the additional information set forth herein. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D.</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify">Item 4. Purpose of Transaction</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify">Item 4 of the Schedule 13D is hereby amended to add the following:</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt">On September 13, 2016, Carl C. Icahn issued a statement regarding the Issuer (the "Statement"). A copy of the Statement is attached hereto as Exhibit 1 and is incorporated by reference herein.</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify">Item 7. Material to be Filed as Exhibits</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: left; MARGIN-LEFT: 36pt">1.</div>
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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify">Statement of Carl C. Icahn regarding the Issuer</div>
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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: center">SIGNATURE</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify">After reasonable inquiry and to the best of each of the undersigned knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify">Dated: September 13, 2016</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify">ICAHN PARTNERS MASTER FUND LP</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify">ICAHN OFFSHORE LP</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify">ICAHN PARTNERS LP</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify">ICAHN ONSHORE LP</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify">BECKTON CORP.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify">HOPPER INVESTMENTS LLC</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify">BARBERRY CORP.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify">HIGH RIVER LIMITED PARTNERSHIP</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt">By: Hopper Investments LLC, general partner</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt">By: Barberry Corp.</div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif">By:&#160; </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif"><u>/s/ Edward E. Mattner</u></font></div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt">Name: Edward E. Mattner</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt">Title: Authorized Signatory</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify">ICAHN CAPITAL LP</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt">By: IPH GP LLC, its general partner</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt">By: Icahn Enterprises Holdings L.P., its sole member</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt">By: Icahn Enterprises G.P. Inc., its general partner</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify">IPH GP LLC</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt">By: Icahn Enterprises Holdings L.P., its sole member</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt">By: Icahn Enterprises G.P. Inc., its general partner</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify">ICAHN ENTERPRISES HOLDINGS L.P.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt">By: Icahn Enterprises G.P. Inc., its general partner</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify">ICAHN ENTERPRISES G.P. INC.</div>

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<div style="TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif">By:&#160; </font><font style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif"><u>/s/ SungHwan Cho</u></font></div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt">Name: SungHwan Cho</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt">Title: Chief Financial Officer</div>

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<div style="TEXT-ALIGN: justify"><font style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif"><u>/s/ Carl C. Icahn</u></font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 108pt; DISPLAY: inline-block">&#160;</font></div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: justify">CARL C. ICAHN</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: center">[Signature Page of Amendment No. 4 to Schedule 13D &#8211; Freeport-McMoRan Inc.]</div>
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<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>fcxsch13damd4091316ex1.htm
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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: right"><u>Exhibit 1</u></div>

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<div style="FONT-SIZE: 14pt; FONT-FAMILY: Garamond, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Carl C. Icahn Issues Statement Regarding Freeport-McMoRan<font style="FONT-SIZE: 14pt; FONT-FAMILY: Garamond, serif"><br>
</font> Announced Sale of Its Deepwater Gulf of Mexico Oil and Gas Assets</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Garamond, serif; TEXT-ALIGN: left">September 13, 2016</div>

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<div style="FONT-SIZE: 12pt; FONT-FAMILY: Garamond, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; TEXT-INDENT: 36pt">This is a classic example of activists working constructively with an existing Board and management.&#160; Since the Company announced the "Review of Strategic Alternatives" for its Oil &amp; Gas business in October 2015 (not coincidentally the date of our arrival on the Board), the analyst community has heavily doubted the Company's ability to execute asset sales in this environment (particularly the Deepwater Gulf of Mexico assets along with all liabilities and potential future bonding obligations).&#160; Yesterday's announcement demonstrates the Company is making good on its stated goal of deleveraging and is on track to cut its net debt by half, from year end 2015 through the end of next year, at current copper prices.&#160; I applaud management and the whole Board of Directors for all steps taken in this regard.&#160;&#160; &#160;</div>

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<div style="FONT-SIZE: 12pt; FONT-FAMILY: Garamond, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; TEXT-INDENT: 36pt">In light of the Company's recent initiatives, and as a large shareholder with two representatives on the Board of Directors, I completely endorse CEO Richard Adkerson's recent comments that Freeport is "&#8230;open for all strategic moves, whether that means selling assets, [or] selling the company" to create value for all shareholders.</div>
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