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CLEVELAND-CLIFFS INC. — Director's Dealing 2011
Feb 23, 2011
30881_dirs_2011-02-23_19e0c9a2-9d3b-4274-a57b-fb966ed6ae1d.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: 2011-02-23
Reporting Person: Carrabba Joseph A (Director, Chairman, Pres. & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-02-23 | Common Stock | A | 51750 | $0.00 | Acquired | 235936 | Direct |
| 2011-02-23 | Common Stock | F | 25457 | $92.67 | Disposed | 210479 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 6446 | Indirect |
Footnotes
F1: Reflects a payout of performance shares for the 2008-2010 performance period earned under Issuer's 2007 Incentive Equity Plan.
F2: Reflects the surrender of 21,709 performance shares and 3,748 restricted share units from the 2008-2010 performance period in payment of the related tax liability incurred by the Reporting Person as a result of the award.
F3: Balance shown reflects 11 common shares acquired December 1, 2010 pursuant to the dividend reinvestment feature of the Issuer's 2005 Voluntary Non-Qualified Deferred Compensation Plan (the VNQDC) to shareholders of record as of November 19, 2010.