Rychel Eric M 4
4 · CLEVELAND-CLIFFS INC. · Filed Apr 26, 2018
Insider Transaction Report
Form 4
Rychel Eric M
Director
Transactions
- Award
Deferred Shares
2018-04-24+13,736→ 27,567 total→ Common Shares (13,736 underlying)
Footnotes (2)
- [F1]The Reporting Person has elected to defer a portion of his 2018 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 Amended and Restated 2014 Nonemployee Directors' Compensation Plan.