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WASHINGTON - The executive vice president and chief administrative officer of miner Freeport-McMoRan Copper & Gold Inc. exercised options for 85,214 shares of common stock, according to a Securities and Exchange Commission filing.
| FCX | 78.65 |  2.92 |
In a Form 4 filed Monday with the SEC, Michael J. Arnold reported he exercised the options Friday for $36.77 and $37.04 apiece and then sold all 85,214 shares on the same day for $120.61 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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