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CLEVELAND-CLIFFS INC. Director's Dealing 2012

Mar 19, 2012

30881_dirs_2012-03-19_5df4d58c-8f7e-4403-8223-5a28db7e0e0c.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: 2012-03-15

Reporting Person: BRLAS LAURIE (Executive VP and CFO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-03-15 Common Stock S 500 $70.00 Disposed 67446 Direct
2012-03-15 Common Stock S 500 $69.68 Disposed 66946 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 15784 Indirect

Footnotes

F1: The sale reported was effected pursuant to Rule 10b5-1 trading plan adopted by the Reporting Person on September 6, 2011.

F2: Held for the benefit of the Reporting Person by the Cliffs Natural Resources Inc. 2005 Voluntary Non-Qualified Deferred Compensation Plan ("VNQDC").