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CLEVELAND-CLIFFS INC. Director's Dealing 2012

May 22, 2012

30881_dirs_2012-05-22_eb1285b2-889a-4785-9a9d-d5a3e1030eec.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: 2012-05-21

Reporting Person: Michaud James R (SVP, Human Resources)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-05-21 Common Stock P 500 $49.33 Acquired 4797 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 1008 Indirect

Footnotes

F1: Held for the benefit of the Reporting Person by the Issuer's 2005 Voluntary Non-Qualified Deferred Compensation Plan ("VNQDC").