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: PHILLIPS ROGER (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-17	Common Stock	A	925	$0.00	Acquired	39659.4616	Direct

Footnotes

F1: Reflects the number of Common Shares granted to the Reporting Person >69 years of age as the Annual Equity Grant on May 17, 2011, the date of the Annual Meeting of Shareholders pursuant to the Cliffs Natural Resources Inc. Non-Employee Directors' Compensation Plan.