CLEVELAND-CLIFFS INC. — Director's Dealing 2010

Nov 3, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CLIFFS NATURAL RESOURCES INC. (CLF)
CIK: 0000764065
Period of Report: 2010-11-02

Reporting Person: Carrabba Joseph A (Director, Chairman, Pres. & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-02	Common Stock	S	4860	$67.2402	Disposed	209326	Direct
2010-11-02	Common Stock	S	4385	$67.28	Disposed	204941	Direct
2010-11-02	Common Stock	S	3300	$67.19	Disposed	201641	Direct
2010-11-02	Common Stock	S	1400	$66.9036	Disposed	200241	Direct
2010-11-02	Common Stock	S	14595	$66.50	Disposed	185646	Direct
2010-11-02	Common Stock	S	1460	$66.78	Disposed	184186	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6435	Indirect

Footnotes

F1: Balance shown reflects 3, 17 and 14 shares acquired March 1, June 1, and September 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, May 14, and August 13, 2010, respectively.

F2: Held for the benefit of the Reporting Person by the Cliffs VNQDC.