CLEVELAND-CLIFFS INC. — Director's Dealing 2012

Feb 17, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CLIFFS NATURAL RESOURCES INC. (CLF)
CIK: 0000764065
Period of Report: 2012-02-15

Reporting Person: BRLAS LAURIE (Executive VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-15	Common Stock	S	500	$70.00	Disposed	63616	Direct
2012-02-15	Common Stock	S	100	$69.94	Disposed	63516	Direct
2012-02-15	Common Stock	S	400	$69.93	Disposed	63116	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15784	Indirect

Footnotes

F1: The sale reported was affected pursuant to Rule 10b5-1 trading plan adopted by the Reporting Person on September 6, 2011.

F2: Held for the benefit of the Reporting Person by the Issuer's 2005 Voluntary Non-Qualified Deferred Compensation Plan.