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CLEVELAND-CLIFFS INC. Director's Dealing 2011

Sep 19, 2011

30881_dirs_2011-09-19_96cd92e7-05fc-4dda-a81b-002b4cc74f6f.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: 2011-09-15

Reporting Person: BRLAS LAURIE (Executive VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-15	Common Stock	S	1000	$79.83	Disposed	46035	Direct
2011-09-16	Common Stock	S	1000	$80.07	Disposed	45035	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15666	Indirect

Footnotes

F1: The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 6, 2011.

F2: Balance shown reflects 24 shares acquired June 1, 2011 pursuant to the dividend reinvestment feature of the Cliffs Natural Resources Inc. 2005 Voluntary Non-Qualified Deferred Compensation Plan ("VNQDC").

F3: Held for the benefit of the Reporting Person by the VNQDC.