IRELAND JAMES D III 4
4 · CLEVELAND CLIFFS INC · Filed Jan 2, 2004
Insider Transaction Report
Form 4
IRELAND JAMES D III
Director
Transactions
- Award
Stock Units
2004-01-01$50.95/sh+49.068$2,500→ 2,782.831 total→ Common Shares (49.068 underlying)
Footnotes (2)
- [F1]Converted common stock on a 1-for-1 basis.
- [F2]Reflects number of Common Shares underlying deferred compensation credited to the account of the Reporting Person in payment of 40% of the Reporting Person's Quarterly Retainer under the Cleveland-Cliffs Inc Nonemployee Directors Compensation Plan. Each Stock Unit is generally distributable following termination of service as a Director.