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CLEVELAND-CLIFFS INC. Director's Dealing 2017

Oct 4, 2017

30881_dirs_2017-10-04_c6a503aa-5b49-46b8-b127-f23f264c20cf.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CLEVELAND-CLIFFS INC. (CLF)
CIK: 0000764065
Period of Report: 2017-10-02

Reporting Person: Taylor Douglas C (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2017-10-02 Common Shares A 1573 $7.15 Acquired 91849 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Shares 28150 Indirect

Footnotes

F1: Reflects the number of common shares issued to the Reporting Person in payment of the Reporting Person's quarterly retainer in lieu of cash for the fourth quarter pursuant to the Reporting Person's election to participate in the Cleveland-Cliffs Inc. Nonemployee Director Retainer Share Election Program. The Reporting Person elected to participate in the Retainer Election Program at 25%.

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.