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CLEVELAND-CLIFFS INC. Director's Dealing 2012

Mar 14, 2012

30881_dirs_2012-03-14_69f502e1-4e0a-4227-9fad-24f51816901c.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: Baisden Steve R. (VP, Investor Relations & Comm.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-12	Common Stock	A	840	$0.00	Acquired	6878.709	Direct
2012-03-12	Common Stock	S	500	$70.00	Disposed	6378.709	Direct

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 sale reported was affected pursuant to Rule 10b5-1 trading plan adopted by the Reporting Person on September 9, 2011.