CLEVELAND-CLIFFS INC. — Director's Dealing 2011

Jun 16, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CLIFFS NATURAL RESOURCES INC. (CLF)
CIK: 0000764065
Period of Report: 2011-06-15

Reporting Person: Boor William C (SVP, Global Ferroalloys.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-06-15	Common Stock	S	100	$84.9325	Disposed	22712.3491	Direct
2011-06-15	Common Stock	S	300	$84.94	Disposed	22412.3491	Direct
2011-06-15	Common Stock	S	100	$84.95	Disposed	22312.3491	Direct
2011-06-15	Common Stock	S	300	$84.92	Disposed	22012.3491	Direct
2011-06-15	Common Stock	S	100	$84.9262	Disposed	21912.3491	Direct
2011-06-15	Common Stock	S	100	$84.9245	Disposed	21812.3491	Direct
2011-06-15	Common Stock	S	1000	$84.91	Disposed	20812.3491	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	16764	Indirect

Footnotes

F1: Balance shown reflects 24 and 26 shares acquired March 1, 2011 and June 1, 2011, respectively, pursuant to the dividend reinvestment feature of the Cliffs Natural Resources Inc. 2005 Voluntary Non-Qualified Deferred Compensation Plan ("VNQDC").

F2: Held for the benefit of the Reporting Person by the VNQDC.