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CLEVELAND-CLIFFS INC. Director's Dealing 2012

Mar 14, 2012

30881_dirs_2012-03-14_f13db40c-c666-4941-95f4-1201ed468aae.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: 2012-03-12

Reporting Person: GALLAGHER DONALD J (EVP, Pres. Global Commercial)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-03-12 Common Stock A 3950 $0.00 Acquired 42480.0482 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 99777 Indirect

Footnotes

F1: Reflects the number of restricted share units granted to the Reporting Person on March 12, 2012 for the Performance Period 2012 to 2014 from the Issuer's Amended and Restated Cliffs 2007 Incentive Equity Plan.

F2: The Board of Directors of Cliffs Natural Resources Inc. declared dividends of $0.28 per share, payable to all holders of record as of February 15, 2012. The amount shown reflects 0.0002 shares credited on March 1, 2012 to the Reporting Person pursuant to the Dividend Reinvestment and Stock Purchase Plan.

F3: Held for the benefit of the Reporting Person by the Issuer's 2005 Voluntary Non-Qualified Deferred Compensation Plan ("VNQDC").