CLEVELAND-CLIFFS INC. — Director's Dealing 2011

Apr 5, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CLIFFS NATURAL RESOURCES INC. (CLF)
CIK: 0000764065
Period of Report: 2011-04-01

Reporting Person: CUNNINGHAM SUSAN M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-01	Common Stock	A	51.01	$98.02	Acquired	11177.0874	Direct

Footnotes

F1: Reflects number of Common Shares credited to the account of the Reporting Person in payment of the Reporting Person's required quarterly retainer for the second quarter under the Cliffs Natural Resources Inc. Nonemployee Directors' Compensation Plan.

F2: The Board of Directors of Cliffs Natural Resources Inc. declared a dividend of $0.14 per share, payable on March 1, 2011. The amount shown reflects 9.1958 shares credited to the Reporting Person pursuant to the Issuer's Dividend Reinvestment and Stock Purchase Plan.