MCMORAN EXPLORATION CO /DE/ 4

4 · MCMORAN EXPLORATION CO /DE/ · Filed Jun 4, 2013

Form 4

Period: 2013-06-03

Director

Transactions

Disposition to Issuer
Common Stock
2013-06-03−20,000→ 0 total
Disposition to Issuer
Options (Right to Buy)
2013-06-03−5,000→ 0 total
Exercise: $7.46Exp: 2019-06-01→ Common Stock (5,000 underlying)
Disposition to Issuer
Options (Right to Buy)
2013-06-03−3,500→ 0 total
Exercise: $14.07Exp: 2014-06-01→ Common Stock (3,500 underlying)
Disposition to Issuer
Options (Right to Buy)
2013-06-03−5,000→ 0 total
Exercise: $31.92Exp: 2018-06-01→ Common Stock (5,000 underlying)
Disposition to Issuer
Options (Right to Buy)
2013-06-03−10,000→ 0 total
Exercise: $17.60Exp: 2021-06-01→ Common Stock (10,000 underlying)
Disposition to Issuer
Options (Right to Buy)
2013-06-03−3,500→ 0 total
Exercise: $18.70Exp: 2015-06-01→ Common Stock (3,500 underlying)
Disposition to Issuer
Options (Right to Buy)
2013-06-03−5,000→ 0 total
Exercise: $9.48Exp: 2020-06-01→ Common Stock (5,000 underlying)
Disposition to Issuer
Options (Right to Buy)
2013-06-03−3,500→ 0 total
Exercise: $17.10Exp: 2016-06-01→ Common Stock (3,500 underlying)
Disposition to Issuer
Options (Right to Buy)
2013-06-03−3,500→ 0 total
Exercise: $15.17Exp: 2017-06-01→ Common Stock (3,500 underlying)
Disposition to Issuer
Options (Right to Buy)
2013-06-03−10,000→ 0 total
Exercise: $8.82Exp: 2022-06-01→ Common Stock (10,000 underlying)

Footnotes (3)

[F1]Each share of common stock was disposed of pursuant to the Agreement and Plan of Merger, by and among the Issuer, Freeport-McMoRan Copper & Gold Inc. ("FCX") and a wholly owned subsidiary of FCX (the "Merger Agreement") in exchange for the merger consideration consisting of $14.75 in cash, without interest, and 1.15 royalty trust units representing beneficial interests in Gulf Coast Ultra Deep Royalty Trust, on the effective date of the merger. Includes Common Stock Restricted Stock Units which vested in connection with the merger.
[F2]All options to purchase shares of Issuer common stock, to the extent unvested, became fully vested and exercisable upon the merger.
[F3]Each option was disposed of pursuant to the Merger Agreement in exchange for a number of options to purchase shares of FCX common stock equal to the number of Issuer options reflected in this line item, multiplied by the equity award exchange ratio of 0.5400, rounded down to the nearest whole share. The exercise price of the FCX options will be equal to the exercise price of the corresponding Issuer options, divided by the equity award exchange ratio, rounded up to the nearest whole cent.

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