Mehan Richard R. 4
4 · CLIFFS NATURAL RESOURCES INC. · Filed Mar 5, 2010
Insider Transaction Report
Form 4
Mehan Richard R.
SVP, Pres. & CEO Cliffs Asia-P
Transactions
- Disposition to Issuer
Retention Units 2007-2009
2010-03-03$46.09/sh−1,200$55,308→ 0 total→ Common Shares (1,200 underlying)
Holdings
- 18,604
Common Stock
Footnotes (3)
- [F1]Convertible into Common Shares on a 1-for-1 basis.
- [F2]Represents a payout of retention units to the Reporting Person under the 2007 Equity Plan covering the period of January 1, 2007 to December 31, 2009 (Retention Period). Retention units are 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.
- [F3]Since the date of grant, the common stock of the Company split 2-for-1 on May 15, 2008 resulting in the reporting person receiving an additional 600 Retention Units.