CLEVELAND-CLIFFS INC. — Director's Dealing 2011

May 19, 2011

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: HENRY JANICE K (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-17	Common Stock	A	925	$0.00	Acquired	4591.8337	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.