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CLEVELAND-CLIFFS INC. Director's Dealing 2012

Oct 3, 2012

30881_dirs_2012-10-03_a05e9a8b-9c52-42a4-9937-a968b0ea584c.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: 2012-10-01

Reporting Person: CUNNINGHAM SUSAN M (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-10-01 Common Stock A 154.321 $38.88 Acquired 14633.1854 Direct

Footnotes

F1: Reflects number of Common Shares credited to the account of the Reporting Person in payment of the Reporting Person's required quarterly retainer for the fourth quarter under the Cliffs Natural Resources Inc. Nonemployee Directors' Compensation Plan (the "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 $0.625 per share, payable to all holders of record as of August 15, 2012. The amount shown reflects 179.049 shares credited on August 31, 2012 to the Reporting Person pursuant to the Dividend Reinvestment and Stock Purchase Plan.