CLEVELAND-CLIFFS INC. — Director's Dealing 2010

Nov 12, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

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
2010-11-11	Common Stock	S	7500	$70.1267	Disposed	35688	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	40023	Indirect

Footnotes

F1: Balance shown reflects 19 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 VNQDC.