CLEVELAND-CLIFFS INC. — Director's Dealing 2010

Aug 11, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CLIFFS NATURAL RESOURCES INC. (CLF)
CIK: 0000764065
Period of Report: 2010-08-10

Reporting Person: GALLAGHER DONALD J (Pres. N. Am. Business Unit)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-08-10	Common Stock	S	100	$60.30	Disposed	61112.048	Direct
2010-08-10	Common Stock	S	100	$60.32	Disposed	61012.048	Direct
2010-08-10	Common Stock	S	800	$60.33	Disposed	60212.048	Direct
2010-08-10	Common Stock	S	200	$60.35	Disposed	60012.048	Direct
2010-08-10	Common Stock	S	100	$60.40	Disposed	59912.048	Direct
2010-08-10	Common Stock	S	200	$60.41	Disposed	59712.048	Direct
2010-08-10	Common Stock	S	200	$60.47	Disposed	59512.048	Direct
2010-08-10	Common Stock	S	800	$60.48	Disposed	58712.048	Direct
2010-08-10	Common Stock	S	100	$60.49	Disposed	58612.048	Direct
2010-08-10	Common Stock	S	500	$60.50	Disposed	58112.048	Direct
2010-08-10	Common Stock	S	800	$60.51	Disposed	57312.048	Direct
2010-08-10	Common Stock	S	600	$60.52	Disposed	56712.048	Direct
2010-08-10	Common Stock	S	400	$60.53	Disposed	56312.048	Direct
2010-08-10	Common Stock	S	100	$60.54	Disposed	56212.048	Direct
2010-08-11	Common Stock	S	5000	$58.60	Disposed	51212.048	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	98445	Indirect

Footnotes

F1: Balance shown reflects 132 and 245 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.