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CLEVELAND-CLIFFS INC. Director's Dealing 2017

May 4, 2017

30881_dirs_2017-05-04_27a35552-bdef-4282-9f66-fbe24a15391a.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: 2017-05-02

Reporting Person: Taylor Douglas C (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2017-05-02 Common Shares P 3750 $6.6055 Acquired 28150 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Shares 88650 Direct

Footnotes

F1: 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.