CLEVELAND-CLIFFS INC. — Director's Dealing 2012

May 10, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CLIFFS NATURAL RESOURCES INC. (CLF)
CIK: 0000764065
Period of Report: 2012-05-08

Reporting Person: HENRY JANICE K (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-08	Common Stock	A	1498	$0.00	Acquired	6089.8337	Direct

Footnotes

F1: Reflects the number of restricted shares granted to the Reporting Person as the Annual Equity Grant on May 8, 2012, the date of the Annual Meeting of Shareholders, pursuant to the Nonemployee Directors' Compensation Plan.