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CLEVELAND-CLIFFS INC. Director's Dealing 2010

May 4, 2010

30881_dirs_2010-05-04_73d4a79d-a4ce-41f5-975c-23094b431f00.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CLIFFS NATURAL RESOURCES INC. (CLF)
CIK: 0000764065
Period of Report: 2010-05-03

Reporting Person: TOMPKINS P KELLY (EVP Legal Govt. Aff.& Sustain.)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-05-03 Common Stock A 4020 $0.00 Acquired 4020 Direct

Footnotes

F1: Reflects the number of restricted stock units granted to the Reporting Person on May 3, 2010 as a part of the Company's Long Term Incentive grant for the Performance Period 2010-2012. The grant of restricted stock units was made pursuant to the Company's 2007 Incentive Equity Plan. The Restricted stock units are based on continued employment with the Company and vest at the end of the 3 year performance period.