CLIFFS NATURAL RESOURCES INC. 4
4 · CLIFFS NATURAL RESOURCES INC. · Filed Apr 27, 2017
Insider Transaction Report
Form 4
Rychel Eric M
Director
Transactions
- Award
Deferred Shares
2017-04-25+13,831→ 13,831 total→ Common Shares (13,831 underlying)
Footnotes (1)
- [F1]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 Amended and Restated 2014 Nonemployee Directors' Compensation Plan.