CLEVELAND-CLIFFS INC. — Director's Dealing 2010

Nov 4, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CLIFFS NATURAL RESOURCES INC. (CLF)
CIK: 0000764065
Period of Report: 2010-11-04

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-04	Common Stock	S	600	$68.57	Disposed	50612.048	Direct
2010-11-04	Common Stock	S	461	$68.58	Disposed	50151.048	Direct
2010-11-04	Common Stock	S	439	$68.59	Disposed	49712.048	Direct
2010-11-04	Common Stock	S	200	$68.64	Disposed	49512.048	Direct
2010-11-04	Common Stock	S	200	$68.65	Disposed	49312.048	Direct
2010-11-04	Common Stock	S	200	$68.66	Disposed	49112.048	Direct
2010-11-04	Common Stock	S	200	$68.68	Disposed	48912.048	Direct
2010-11-04	Common Stock	S	200	$68.715	Disposed	48712.048	Direct
2010-11-04	Common Stock	S	400	$68.74	Disposed	48312.048	Direct
2010-11-04	Common Stock	S	400	$68.75	Disposed	47912.048	Direct
2010-11-04	Common Stock	S	100	$68.755	Disposed	47812.048	Direct
2010-11-04	Common Stock	S	200	$68.77	Disposed	47612.048	Direct
2010-11-04	Common Stock	S	1400	$68.80	Disposed	46212.048	Direct
2010-11-04	Common Stock	S	2000	$68.87	Disposed	44212.048	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	98639	Indirect

Footnotes

F1: Balance shown reflects 194 shares acquired September 1, 2010 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 August 13, 2010.

F2: Held for the benefit of the Reporting Person by the Cliffs Natural Resources Inc. 2005 Voluntary Non-Qualified Deferred Compensation Plan (VNQDC).