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CLEVELAND-CLIFFS INC. Director's Dealing 2011

May 27, 2011

30881_dirs_2011-05-27_fcfb3cdb-5f50-45bd-99f2-f224211b5f6b.zip

Director's Dealing

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SEC Form 4/A — Form 4/A

Issuer: CLIFFS NATURAL RESOURCES INC. (CLF)
CIK: 0000764065
Period of Report: 2011-03-15

Reporting Person: Mee Terrence R (SVP Global Iron Ore & Metallic)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-03-15 Common Stock F 9 $85.82 Disposed 724 Indirect

Footnotes

F1: Represents a surrender of shares in payment of tax liability incurred on March 15, 2011, the date of a planned in-service distribution pursuant to the Cliffs Natural Resources Inc. 2005 Voluntary Nonqualified Deferred Compensation Plan.

F2: Due to administrative error, on March 17, 2011, the Reporting Person incorrectly reported a forfeiture of 14 Bonus Match Shares to the Issuer and a surrender of 25 shares in payment of tax liability. None of these 14 Bonus Match Shares were actually forfeited by the Reporting Person, and only 9 shares were surrendered in payment of tax liability.