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CLEVELAND-CLIFFS INC. — Director's Dealing 2011
Oct 5, 2011
30881_dirs_2011-10-05_7cd00efa-fa29-4e60-9928-adcfb88281d7.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: 2011-10-03
Reporting Person: Kirsch James F (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-10-03 | Stock Units | $ | A | 124.2236 | Acquired | Common Shares (124.2236) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1836.5063 | Direct |
Footnotes
F1: The Board of Directors of Cliffs Natural Resources Inc. declared dividends of $0.28 per share, payable to all holders of record as of August 15, 2011. The amount shown reflects 0.0029 share credited on September 1, 2011 to the Reporting Person pursuant to the Dividend Reinvestment and Stock Purchase Plan.
F2: Convertible into Common Shares on a 1-for-1 basis.
F3: Reflects number of Common Shares of underlying deferred compensation credited to the account of the Reporting Person in payment of the Reporting Person's required quarterly retainer for the fourth quarter under the Cliffs Natural Resources Inc. Nonemployee Directors' Compensation Plan (the "Plan"). Each Stock Unit is generally distributable following termination of service as a Director.