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CLEVELAND-CLIFFS INC. — Director's Dealing 2011
Feb 28, 2011
30881_dirs_2011-02-28_818099e3-87b1-4183-a42e-bbdbd3c30230.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: 2011-02-25
Reporting Person: BLAKE DAVID B (SVP, Oper. N. Amer. Iron Ore)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-02-25 | Common Stock | A | 328 | $95.23 | Acquired | 712 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 11286 | Direct |
Footnotes
F1: The amount represents an exchange of a portion of the Reporting Person's 2010 cash bonus for 263 shares of Cliffs Natural Resources Inc. (Company) Common Shares on a deferred basis (Exchange Shares) under the Issuer's 2005 Voluntary Nonqualified Deferred Compensation Plan ("VNQDC Plan"). An additional 65 deferred shares (Match Shares) were credited to the account of the Reporting Person in the VNQDC equal to 25 percent of the market value of the Exchanged Shares on the deferral date of the bonus payment pursuant to the VNQDC Plan.
F2: Balance shown reflects 1 share acquired June 1, 2010 and 1 share December 1, 2010 pursuant to the dividend reinvestment feature of the VNQDC Plan to shareholders of record May 14, 2010 and November 19, 2010, respectively.