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CLEVELAND-CLIFFS INC. — Director's Dealing 2016
Apr 29, 2016
30881_dirs_2016-04-29_96412aa7-60f7-4a9d-aaac-b314b13250d3.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: 2016-04-27
Reporting Person: SIEGAL MICHAEL D (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-04-27 | Common Shares | A | 9861 | — | Acquired | 35565 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-04-27 | Deferred Shares | $ | A | 9861 | Acquired | Common Shares (9861.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Shares | 18963 | Indirect |
Footnotes
F1: Reflects the number of restricted shares granted to the Reporting Person as the 2016 Director Restricted Shares pursuant to the Amended and Restated 2014 Nonemployee Directors' Compensation Plan (the "Plan").
F2: The Reporting Person has elected to defer a portion of his 2016 Director Restricted Shares (the "Deferred Shares").
F3: Each Deferred Share is the economic equivalent of one Issuer common share. The Deferred Shares become payable, in cash or common stock, at the election of the Issuer's Governance and Nominating Committee, in accordance with the Reporting Person's deferral election and the terms of the Plan.