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CLEVELAND-CLIFFS INC. Director's Dealing 2011

May 19, 2011

30881_dirs_2011-05-19_bcf14e39-45be-42db-ab53-05fcfb4f7612.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: 2011-05-17

Reporting Person: GREEN SUSAN MIRANDA (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-05-17 Common Stock A 925 $0.00 Acquired 7267.2253 Direct

Footnotes

F1: Reflects the number of restricted shares granted to the Reporting Person as the Annual Equity Grant on May 17, 2011, the date of the Annual Meeting of Shareholders, pursuant to the Cliffs Natural Resources Inc. Nonemployee Directors' Compensation Plan.

F2: The Board of Directors of the Cliffs Natural Resources Inc. declared dividends of $0.14 per share, payable to all holders of record as of November 19, 2010 and February 15, 2011 of common stock payable on each of December 1, 2010 and March 1, 2011, respectively. The amount shown reflects 2.502 shares credited on December 1, 2010 and 2.3506 shares credited on March 1, 2011, in each case, to the Reporting Person pursuant to the Dividend Reinvestment and Stock Purchase Plan.