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CLEVELAND-CLIFFS INC. — Director's Dealing 2010
Mar 10, 2010
30881_dirs_2010-03-10_7afdfecc-e99a-42f3-a491-b57357763586.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: 2010-03-08
Reporting Person: Mehan Richard R. (SVP, Pres. & CEO Cliffs Asia-P)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-03-08 | Retention Units 2010-2012 | $ | P | 1760 | Acquired | Common Shares (1760) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 18604 | Direct |
Footnotes
F1: Convertible into Common Shares on a 1-for-1 basis.
F2: The number represents a grant of Retention Units to the Reporting Person under the Cleveland-Cliffs Inc 2007 Incentive Equity Plan (Plan) covering the period January 1, 2010 through December 31, 2012 (Incentive Period). Payment of the Retention Units is made in cash after the completion of the Incentive Period based upon the employment of the Reporting Person and the market value of the Company's shares at the end of the Incentive Period pursuant to the Plan.