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CLEVELAND-CLIFFS INC. Director's Dealing 2012

May 2, 2012

30881_dirs_2012-05-02_8305f298-c3cc-433d-9946-3754e6406ef2.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: 2012-05-01

Reporting Person: TOMPKINS P KELLY (EVP Legal Govt. Aff.& Sustain.)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-05-01 Common Stock P 1900 $62.065 Acquired 17320 Direct
2012-05-01 Common Stock P 1100 $62.074 Acquired 18420 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 3586 Indirect

Footnotes

F1: Balance shown reflects 6 shares acquired March 1, 2012 pursuant to the dividend reinvestment feature of the Issuer's 2005 Voluntary Non-Qualified Deferred Compensation Plan ("VNQDC").

F2: Held for the benefit of the Reporting Person by the VNQDC.