SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

MOFFETT JAMES R

(Last)

(First)

(Middle)

1615 POYDRAS STREET

(Street)

NEW ORLEANS

70112

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
FREEPORT MCMORAN COPPER & GOLD INC [ FCX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chairman of the Board

3. Date of Earliest Transaction (Month/Day/Year)
10/31/2007

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/31/2007		S		200	D	$113.87	1,229,272	I	By LLC
Common Stock	10/31/2007		S		100	D	$113.88	1,229,172	I	By LLC
Common Stock	10/31/2007		S		100	D	$113.91	1,229,072	I	By LLC
Common Stock	10/31/2007		S		200	D	$113.93	1,228,872	I	By LLC
Common Stock	10/31/2007		S		200	D	$113.96	1,228,672	I	By LLC
Common Stock	10/31/2007		S		100	D	$113.97	1,228,572	I	By LLC
Common Stock	10/31/2007		S		100	D	$114.01	1,228,472	I	By LLC
Common Stock	10/31/2007		S		100	D	$114.04	1,228,372	I	By LLC
Common Stock	10/31/2007		S		200	D	$114.06	1,228,172	I	By LLC
Common Stock	10/31/2007		S		200	D	$115.09	1,227,972	I	By LLC
Common Stock	10/31/2007		S		300	D	$115.1	1,227,672	I	By LLC
Common Stock	10/31/2007		S		400	D	$115.11	1,227,272	I	By LLC
Common Stock	10/31/2007		S		900	D	$115.12	1,226,372	I	By LLC
Common Stock	10/31/2007		S		100	D	$115.14	1,226,272	I	By LLC
Common Stock	10/31/2007		S		300	D	$115.19	1,225,972	I	By LLC
Common Stock	10/31/2007		S		300	D	$115.22	1,225,672	I	By LLC
Common Stock	10/31/2007		S		300	D	$115.23	1,225,372	I	By LLC
Common Stock	10/31/2007		S		400	D	$115.27	1,224,972	I	By LLC
Common Stock	10/31/2007		S		600	D	$115.32	1,224,372	I	By LLC
Common Stock	10/31/2007		S		300	D	$115.33	1,224,072	I	By LLC
Common Stock	10/31/2007		S		700	D	$115.34	1,223,372	I	By LLC
Common Stock	10/31/2007		S		900	D	$115.35	1,222,472	I	By LLC
Common Stock	10/31/2007		S		1,400	D	$115.36	1,221,072	I	By LLC
Common Stock	10/31/2007		S		600	D	$115.37	1,220,472	I	By LLC
Common Stock	10/31/2007		S		100	D	$115.38	1,220,372	I	By LLC
Common Stock	10/31/2007		S		900	D	$115.39	1,219,472	I	By LLC
Common Stock	10/31/2007		S		1,017	D	$115.4	1,218,455	I	By LLC
Common Stock	10/31/2007		S		500	D	$115.41	1,217,955	I	By LLC
Common Stock	10/31/2007		S		225	D	$115.42	1,217,730	I	By LLC
Common Stock	10/31/2007		S		200	D	$115.43	1,217,530⁽³⁾	I	By LLC

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Forward Sale Contract (right/obligation to sell)	⁽¹⁾	10/31/2007		J⁽¹⁾⁽²⁾		1		⁽¹⁾	⁽¹⁾⁽²⁾	Common Stock	85,799	⁽¹⁾⁽²⁾	1	I	By Limited Liability Company

Explanation of Responses:

1. On October 31, 2007, Moffett Holdings, L.L.C. (the "LLC") entered into a forward sale contract with a securities broker pursuant to which the LLC agreed to sell 85,799 shares of Common Stock to the securities broker on March 15, 2013 (the "Maturity Date") with the sale price to be determined and paid on the Maturity Date as follows: if the closing sale price of a share of Common Stock on the Maturity Date is $104.105 or less, the sale price will be $104.105 per share; if the closing sale price of a share of Common Stock on the Maturity Date is $179.1762 or more, the sale price will be $179.1762 per share; if the closing sale price of a share of Common Stock on the Maturity Date is between $104.105 and $179.1762, the per share sale price will be the closing sale price on the Maturity Date. The LLC may instead elect to settle the contract in cash and retain ownership of the 85,799 shares.

2. The LLC has pledged 85,799 shares of the Common Stock to secure its obligations under the contract. The LLC will continue to hold beneficial ownership, and have voting rights and the right to receive quarterly dividend payments of $.3125 per share with respect to the shares for the term of the contract.

3. 1 of 7 Forms 4 filed to report transactions on October 31, 2007.

Remarks:

The Reporting Person's beneficial ownership also includes options to acquire a total of 2,250,000 shares of Common Stock, all of which are unvested.

	Cynthia M. Molyneux, on behalf of James R. Moffett pursuant to a power of attorney	11/01/2007
	** 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).
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