CLEVELAND-CLIFFS INC. — Director's Dealing 2011

May 11, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CLIFFS NATURAL RESOURCES INC. (CLF)
CIK: 0000764065
Period of Report: 2011-05-10

Reporting Person: McFadden William Jay (VP, Global Coal & Alt. Energy)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-10	Common Stock	F	639	$89.55	Disposed	6901	Direct

Footnotes

F1: Surrender of shares in payment of tax liability incurred on May 10, 2011, the date of restricted stock vesting to the Reporting Person.