CLEVELAND-CLIFFS INC. — Director's Dealing 2010

Sep 13, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CLIFFS NATURAL RESOURCES INC. (CLF)
CIK: 0000764065
Period of Report: 2010-09-09

Reporting Person: CALFEE WILLIAM R (Exec. V.P. Comm. N.Amer. Iron)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-09	Common Stock	G	700	$0.00	Disposed	43788	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	40004	Indirect

Footnotes

F1: Disposition of shares as gift requires no dollar amount.

F2: Balance shown reflects 13 and 23 shares acquired March 1, and June 1,2010, respectively, pursuant to the dividend reinvestment feature of the Cliffs Natural Resources Inc. 2005 Voluntary Non-Qualified Deferred Compensation Plan ("VNQDC") to shareholders of record as of February 16, and May 14, 2010, respectively.

F3: Held for the benefit of the Reporting Person by the VNQDC.