CLEVELAND-CLIFFS INC. — Director's Dealing 2011

Sep 14, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CLIFFS NATURAL RESOURCES INC. (CLF)
CIK: 0000764065
Period of Report: 2011-09-12

Reporting Person: Carrabba Joseph A (Director, Chairman, Pres. & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-12	Common Stock	S	5000	$75.185	Disposed	204869	Direct
2011-09-13	Common Stock	S	5000	$76.5625	Disposed	199869	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6466	Indirect

Footnotes

F1: The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 1, 2011.

F2: Held for the benefit of the Reporting Person by the Issuer's 2005 Voluntary Non-Qualified Deferred Compensation Plan ("VNQDC").