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CLEVELAND-CLIFFS INC. Director's Dealing 2015

May 21, 2015

30881_dirs_2015-05-21_0d6e7db1-ee18-48a2-9c54-aa2d39788035.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: 2015-05-19

Reporting Person: Taylor Douglas C (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2015-05-19 Common Shares A 16832 Acquired 7933034 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Shares 7200 Indirect

Footnotes

F1: Reflects the number of restricted shares granted to the Reporting Person as the 2015 Director Restricted Shares pursuant to the 2014 Nonemployee Directors' Compensation Plan.

F2: These shares are held in a trust for the benefit of the Reporting Person's children. The Reporting Person's spouse is a trustee of the trust. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.