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CLEVELAND-CLIFFS INC. — Director's Dealing 2015
Oct 5, 2015
30881_dirs_2015-10-05_1d6af7b8-e53c-4c50-b0ca-396536dc9905.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: 2015-10-01
Reporting Person: Stoliar Gabriel (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-10-01 | Common Shares | A | 10593 | $2.36 | Acquired | 59368 | Direct |
| 2015-10-01 | Common Shares | F | 3178 | $2.36 | Disposed | 56190 | Direct |
Footnotes
F1: On July 13, 2015 the Board of Directors of Cliffs Natural Resources Inc. (the "Company") approved the Nonemployee Director Retainer Share Election Program (the "Retainer Election Program") pursuant to which the nonemployee directors may elect to receive all or any portion of their annual retainer and any other fees earned in cash in common shares of the Company beginning with the fourth quarter 2015 payment. The number of shares reported reflect the reporting person's election to participate in the Retainer Election Program at 100%.
F2: Surrender of shares in payment of tax liability in connection with the Reporting Person's participation in the Retainer Election Program.