CLEVELAND CLIFFS INC 4
4 · CLEVELAND CLIFFS INC · Filed Jun 2, 2008
Insider Transaction Report
Form 4
Hawk George W Jr
General Counsel & Secretary
Transactions
- Disposition to Issuer
Retention Units 2005-2007
2008-02-26$100.80/sh−540$54,432→ 0 total→ Common Shares (540 underlying) - Award
Common Stock
2008-02-26$119.76/sh+4,121$493,531→ 5,274 total - Award
Common Stock
2008-03-10+1,125→ 5,083 total - Tax Payment
Common Stock
2008-02-26$119.76/sh−1,316$157,604→ 3,958 total
Holdings
- 10,168
Common Stock
Footnotes (7)
- [F1]Reflects apayout in Common Stock of Performance Shares earned under the Cleveland-Cliffs Inc 1992 Equity Plan (as Amended and Restated as of May 13, 1997) as amended, for the 2005-2007 Performance Period.
- [F2]Balance shown reflects 3 shares acquired pursuant to the dividend reinvestment feature of the Cleveland-Cliffs Inc Dividend Reinvestment and Stock Purchase Plan.
- [F3]Surrender of Performance Shares represented in footnote (1) in payment of the related tax liability incurred by the reporting person.
- [F4]Reflects a grant of restricted stock units.
- [F5]Balance shown reflects 1 share acquired March 3, 2008 pursuant to the dividend reinvestment feature of the Cleveland-Cliffs Inc Dividend Reinvestment and Stock Puchase Plan. The amount also reflects the 2-for-1 stock split that occurred on May 15, 2008, which resulted in the reporting person's receiving 3,959 additional common shares and 1,125 additional restricted stock units.
- [F6]Each Retention Unit represents the value of one Common Share of the Company.
- [F7]Retention Units granted to Reporting Person under the Cleveland-Cliffs Inc Long-Term Incentive Program covering the period of January 1, 2005 to December 31, 2007 (Retention Period). Retention units were paid out to the Reporting Person in cash based on the market value price of the Common Shares of the Issuer on the last day of the Retention Period.