4//SEC Filing
CLEVELAND CLIFFS INC 4
Accession 0001209191-07-000054
$CLFCIK 0000764065operating
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 8:48 AM ET
Size
11.9 KB
Accession
0001209191-07-000054
Insider Transaction Report
Form 4
LEROUX ROBERT J
Vice President & Controller
Transactions
- Sale
Common Stock
2006-12-29$48.65/sh−2,037$99,100→ 8,814 total
Holdings
- 1,200
Retention Units 2004-2006
→ Common Shares (1,200 underlying) - 540
Retention Units 2005-2007
→ Common Shares (540 underlying) - 420
Retention Units 2006-2008
→ Common Shares (420 underlying) - 8,243(indirect: By VNQDC)
Common Stock
Footnotes (8)
- [F1]Held for the benefit of the Reporting Person by the Cleveland-Cliffs Inc Voluntary Non-Qualified Deferred Compensation Plan (VNQDC).
- [F2]Convertible into Common Shares on a 1-for-1 basis.
- [F3]Represents a grant of Retention Units to the Reporting Person under the Cleveland-Cliffs Inc Long-Term Incentive Program covering the period January 1, 2004 through December 31, 2006 (Incentive Period). Payment of the Retention Units will be made in cash after the completion of the Incentive Period based upon the employment by the Company of the Reporting Person and the market value of a Common Share of the Company on the last day of the Incentive Period.
- [F4]On December 31, 2004, the common stock of Cleveland-Cliffs Inc ("Cliffs") split 2-for-1, resulting in the reporting person's acquisistion of 300 additional retention units. On June 30, 2006, the common stock of Cliffs split 2-for-1 again, resulting in the reporting person's acquisition of 600 additional retention units.
- [F5]Represents a grant of Retention Units to the Reporting Person under the Cleveland-Cliffs Inc Long-Term Incentive Program covering the period January 1, 2005 through December 31, 2007 (Incentive Period). Payment of the Retention Units will be made in cash after the completion of the Incentive Period based upon the employment by the Company of the Reporting Person and the market value of a Common Share of the Company on the last day of the Incentive Period.
- [F6]On June 30, 2006, the common stock of Cleveland-Cliffs Inc split 2-for-1, resulting in the reporting person's acquisition of 270 additional retention units.
- [F7]Represents a grant of Retention Units to the Reporting Person under the Cleveland-Cliffs Inc Long-Term Incentive Program covering the period January 1, 2006 through December 31, 2008 (Incentive Period). Payment of the Retention Units will be made in cash after the completion of the Incentive Period based upon the employment by the Company of the Reporting Person and the market value of a Common Share of the Company on the last day of the Incentive Period.
- [F8]On June 30, 2006, the common stock of Cleveland-Cliffs Inc split 2-for-1, resulting in the reporting person's acquisition of 210 additional retention units.
Documents
Issuer
CLEVELAND CLIFFS INC
CIK 0000764065
Entity typeoperating
IncorporatedOH
Related Parties
1- filerCIK 0000764065
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 8:48 AM ET
- Size
- 11.9 KB