CLIFFS NATURAL RESOURCES INC. 4
4 · CLIFFS NATURAL RESOURCES INC. · Filed May 21, 2015
Insider Transaction Report
Form 4
SAWYER JAMES S
Director
Transactions
- Award
Deferred Shares
2015-05-19+16,832→ 16,832 total→ Common Shares (16,832 underlying)
Footnotes (2)
- [F1]The Reporting Person has elected to defer his 2015 Director Restricted Shares (the "Deferred Shares").
- [F2]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 2014 Nonemployee Directors' Compensation Plan.