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: November 30, 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 *

MOFFETT JAMES R 		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, CEO & President
(Last)          (First)          (Middle)

1615 POYDRAS STREET 		3. Date of Earliest Transaction (MM/DD/YYYY)

2/6/2012
(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

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
Options (right to buy)   $13   2/6/2012     A      200000       2/6/2013   (1) 2/6/2022   Common Stock   200000   $ 0   200000   D    
Options (right to buy)   $13   2/6/2012     A      300000       2/6/2012   2/6/2022   Common Stock   300000   $ 0   300000   D    

Explanation of Responses:
( 1)  25% exercisable on the date indicated and 25% exercisable on each of the next three anniversaries thereof.

Remarks:
The Reporting Person holds options to acquire a total of 4,450,000 shares of MMR Common Stock, 3,950,000 of which are vested and 500,000 of which are unvested.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
MOFFETT JAMES R
1615 POYDRAS STREET
NEW ORLEANS, LA 70112 		X
Co-Chairman, CEO & President

Signatures
Cynthia M. Molyneux, on behalf of James R. Moffett, pursuant to a power of attorney 2/8/2012
** 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 Oct 2024 to Nov 2024 Click Here for more Mcmoran Charts.
Mcmoran (NYSE:MMR)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Mcmoran Charts.