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CLEVELAND-CLIFFS INC. — Director's Dealing 2011
Feb 23, 2011
30881_dirs_2011-02-23_5f7cf441-4f4e-404b-9fe9-9ee010a196dd.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: 2011-02-23
Reporting Person: Raguz Steven M (SVP, Corp. Strategy & Treas.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-02-23 | Common Stock | A | 3375 | $0.00 | Acquired | 9490 | Direct |
| 2011-02-23 | Common Stock | F | 1353 | $92.67 | Disposed | 8137 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 200 | Indirect |
| Common Stock | 4015 | Indirect |
Footnotes
F1: Reflects a payout of performance shares for the 2008-2010 performance period earned under the Issuer's 2007 Incentive Equity Plan.
F2: Reflects the surrender of 1,082 performance shares and 271 restricted share units from the 2008-2010 performance period in payment of the related tax liability incurred by the Reporting Person as a result of the award.
F3: Total includes 2,000 shares held in the Reporting Owner's individual IRA.
F4: Balance shown reflects 8 shares acquired December 1, 2010 pursuant to the dividend reinvestment feature of the Issuer's 2005 Voluntary Non-Qualified Deferred Compensation Plan ("VNQDC").