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CLEVELAND-CLIFFS INC. Director's Dealing 2012

Jan 4, 2012

30881_dirs_2012-01-04_e24a3332-e975-414f-8577-14a5559b6f00.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: 2012-01-01

Reporting Person: Eldridge Barry J (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-01-01 Common Stock A 96.231 $62.35 Acquired 15891.274 Direct

Footnotes

F1: Reflects number of Common Shares credited to the account of the Reporting Person in a payment of the Reporting Person's required quarterly retainer for the first quarter under the Cliffs Natural Resources Inc. Nonemployee Directors' Compensation Plan. Full shares earned pursuant to the Plan in 2012 will be issued effective January 1, 2013.

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 November 18, 2011. The amount shown reflects 36.6481 shares credited on December 1, 2011 to the Reporting Person pursuant to the Dividend Reinvestment and Stock Purchase Plan.