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CLEVELAND-CLIFFS INC. — Director's Dealing 2010
Mar 5, 2010
30881_dirs_2010-03-05_f19ac197-337b-4753-9b63-364d4143e73a.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: 2010-03-03
Reporting Person: BRLAS LAURIE (Executive VP and CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-03-03 | Common Stock | F | 12072 | $53.60 | Disposed | 15086 | Direct |
| 2010-03-03 | Common Stock | A | 30600 | $53.60 | Acquired | 45686 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-03-03 | Retention Units 2007-2009 | $ | D | 3600 | Disposed | Common Shares (3600) | Direct |
Footnotes
F1: Surrender of Performance Shares represented in payment of the related tax liability incurred by the reporting person.
F2: Reflects a payout in Common Stock of Performance Shares earned under the 2007 Cleveland-Cliffs Inc. Incentive Equity Plan (as Amended December 31, 2008) (Equity Plan) for the 2007-2009 Performance Period.
F3: Convertible into Common Shares on a 1-for-1 basis.
F4: Since the date of grant, the common stock of the Company split 2-for-1 on May 15, 2008 resulting in the reporting person receiving an additional 1,800 Retention Units.
F5: Represents a payout of retention units to the Reporting Person under the 2007 Equity Plan covering the period of January 1, 2007 to December 31, 2009 (Retention Period). Retention units are paid out to the Reporting Person in cash based on the market value price of the Common Shares of the Issuer on the last day of the Retention Period.