AI assistant
CLEVELAND-CLIFFS INC. — Director's Dealing 2024
Mar 8, 2024
30881_dirs_2024-03-08_c1f4bdaa-ddd0-4a3d-9fd6-8604bedfd77c.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CLEVELAND-CLIFFS INC. (CLF)
CIK: 0000764065
Period of Report: 2024-03-06
Reporting Person: GONCALVES LOURENCO (Director, Chairman, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-06 | Common Shares | M | 187136 | $7.70 | Acquired | 2886225 | Direct |
| 2024-03-06 | Common Shares | S | 187136 | $20.19 | Disposed | 2699089 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-06 | Employee Stock Options (right-to-buy) | $7.70 | M | 187136 | Disposed | 2025-01-11 | Common Shares (187136) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Shares | 898800 | Indirect |
| Common Shares | 2101200 | Indirect |
Footnotes
F1: This transaction represents the exercise of compensatory stock options, the expiration date of which is January 11, 2025.
F2: The price reported in column four is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.00 to $20.36, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the Staff of the Securities and Exchange Commission, upon request, with full information regarding the number of shares sold at each separate price within this range.
F3: For purposes of clarity, the aggregate number of common shares and share equivalents held both directly and indirectly by the Reporting Person as shown on this Form 4 is 5,699,089.