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CLEVELAND-CLIFFS INC. — Director's Dealing 2012
May 10, 2012
30881_dirs_2012-05-10_25af6a6f-4123-4ba8-b90a-2f511d203105.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: 2012-05-08
Reporting Person: MCALLISTER FRANCIS R (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-05-08 | Common Stock | A | 1498 | $0.00 | Acquired | 12461.4861 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Units | $ | Common Shares (0) | 11148.4452 | Direct |
Footnotes
F1: Reflects the number of Common Shares granted to the Reporting Person >69 years of age at the Annual Meeting of Shareholders ("Annual Equity Grant"), to the Issuer's Nonemployee Directors' Compensation Plan (the "Plan").
F2: The amount reflects 7.5841, 16.6667, 19.9836 and 21.2705 shares of Restricted Stock acquired June 1, 2011, September 1, 2011, December 1, 2011 and March 1, 2012, respectively, pursuant to a dividend reinvestment feature of the Issuer's Nonemployee Directors' Compensation Plan (the "Plan"). The Board of Directors of Cliffs Natural Resources Inc. declared dividends of $0.14 per share, payable to all holders of record as of April 29, 2011, and $0.28 per share, payable to all holders of record as of August 15, 2011, November 18, 2011 and February 15, 2012, respectively. The amount also reflects 8.0740, 20.2080, 24.2297 and 25.7900 shares credited on June 1, 2011, September 1, 2011, December 1, 2011 and March 1, 2012, respectively to the Reporting Person pursuant to the Dividend Reinvestment and Stock Purchase Plan.
F3: Convertible into Common Shares on a 1-for-1 basis.
F4: Reflects number of common shares of underlying deferred compensation credited to the account of the Reporting Person pursuant to the Plan. Each Stock Unit is generally distributable following termination of service as a Director.
F5: The total includes dividend reinvestment pursuant to the Plan. The number of deferred dividend reinvestment equivalent shares earned in the Plan is calculated using the closing market price at the end of each quarter for shares held in the Plan. The Reporting Person was credited with 16.6743, 60.3430, 15.5605 and 44.8650 dividend reinvestment shares on June 30, 2011, September 30, 2011, December 30, 2011 and March 30, 2012, respectively.