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CLEVELAND-CLIFFS INC. — Director's Dealing 2012
Feb 23, 2012
30881_dirs_2012-02-23_2028efbd-08bd-4ebc-8512-c2f553f7593a.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: 2012-02-21
Reporting Person: Carrabba Joseph A (Director, Chairman, Pres. & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-02-21 | Common Stock | A | 118463 | $71.89 | Acquired | 288332 | Direct |
| 2012-02-21 | Common Stock | F | 59349 | $71.89 | Disposed | 228983 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 6515 | Indirect |
Footnotes
F1: Reflects a payout of performance shares for the 2009-2011 performance period earned under the Issuer's 2007 Incentive Equity Plan.
F2: Reflects the surrender of 48,306 performance shares and 11,043 restricted share units from the 2009-2011 performance period in payment of the related tax liability incurred by the Reporting Person as a result of the award.
F3: Balance shown reflects 22 and 27 shares acquired September 1, 2011 and December 1, 2011, respectively, pursuant to the dividend reinvestment feature of the Issuer's 2005 Voluntary Non-Qualified Deferred Compensation Plan ("VNQDC").
F4: Held for the benefit of the Reporting Person by the VNQDC.