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: GREEN SUSAN MIRANDA (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-08	Common Stock	A	1498	$0.00	Acquired	7886.9386	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.

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 8.5008 shares credited to the Reporting Person on March 1, 2012 pursuant to the Dividend Reinvestment and Stock Purchase Plan.