- Statement of Changes in Beneficial Ownership (4)
June 18 2009 - 5:59PM
Edgar (US Regulatory)
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 OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0287
Expires:
February 28, 2011
Estimated average burden
hours per response...
0.5
|
|
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(f) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
ADKERSON RICHARD C
|
2. Issuer Name
and
Ticker or Trading Symbol
MCMORAN EXPLORATION CO /DE/
[
MMR
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__
X
__ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
Co-Chairman of the Board
|
(Last)
(First)
(Middle)
1615 POYDRAS STREET
|
3. Date of Earliest Transaction
(MM/DD/YYYY)
6/17/2009
|
(Street)
NEW ORLEANS, LA 70112
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
|
1.Title of Security
(Instr. 3)
|
2. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. 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
|
6/17/2009
|
|
P
|
|
87000
|
A
|
$5.75
|
261879
|
D
|
|
Common Stock
|
|
|
|
|
|
|
|
147
|
I
|
IRA
|
Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security
(Instr. 3)
|
2. Conversion or Exercise Price of Derivative Security
|
3. Trans. Date
|
3A. Deemed Execution Date, if any
|
4. Trans. 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
|
7. Title and Amount of Securities Underlying Derivative Security
(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
|
8% Convertible Perpetual Preferred Stock
|
(1)
|
6/17/2009
|
|
P
|
|
500
|
|
(1)
|
(1)
|
Common Stock
|
73072
|
$1000
|
500
|
D
|
|
Explanation of Responses:
|
(
1)
|
Each share of 8% Convertible Perpetual Preferred Stock ("8% Preferred Stock") is convertible at any time, at the holder's election, into 146.1454 shares of MMR Common Stock, subject to applicable anti-dilution adjustments. On or after June 15, 2014, the Issuer may, at its option, redeem the 8% Preferred Stock provided certain conditions are met. The Issuer may pay the purchase price for such redemption in cash, common stock or a combination of cash and common stock. The 8% Preferred Stock has no expiration date.
|
Remarks:
Following the reported transactions, the Reporting Person holds options to acquire a total of 2,435,000 shares of MMR Common Stock, 2,060,000 of which are vested and 375,000 of which are unvested. The Reporting Person has transferred the economic value of 917,500 of such options to his former spouse, and thus disclaims beneficial ownership of such options. The Reporting Person also holds 5,000 shares of 6 3/4% Mandatory Convertible Preferred Stock convertible into 33,602 shares of MMR Common Stock.
|
Reporting Owners
|
Reporting Owner Name / Address
|
Relationships
|
Director
|
10% Owner
|
Officer
|
Other
|
ADKERSON RICHARD C
1615 POYDRAS STREET
NEW ORLEANS, LA 70112
|
X
|
|
Co-Chairman of the Board
|
|
Signatures
|
Kelly C. Simoneaux, on behalf of Richard C. Adkerson pursuant to a power of attorney
|
|
6/18/2009
|
**
Signature of Reporting Person
|
Date
|
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).
|
Note:
|
File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
|
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
|
Mcmoran (NYSE:MMR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Mcmoran (NYSE:MMR)
Historical Stock Chart
From Jul 2023 to Jul 2024