4//SEC Filing
BRAKE WILLIAM 4
Accession 0001209191-10-015064
CIK 0000764065other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 5:28 PM ET
Size
10.9 KB
Accession
0001209191-10-015064
Insider Transaction Report
Form 4
BRAKE WILLIAM
EVP, Human & Tech. Resources
Transactions
- Award
Common Stock
2010-03-03$53.60/sh+25,500$1,366,800→ 37,850 total - Tax Payment
Common Stock
2010-03-03$53.60/sh−9,871$529,086→ 27,979 total - Disposition to Issuer
Retention Units 2007-2009
2010-03-03$46.09/sh−3,000$138,270→ 0 total→ Common Shares (3,000 underlying)
Holdings
- 1(indirect: VNQDC)
Common Stock
Footnotes (6)
- [F1]Reflects a payout in Common Stock of Performance Shares earned under the 2007 Cleveland-Cliffs Inc. Incentive Equity Plan (as Amended December 31, 2008) (Equity Plan) for the 2007-2009 Performance Period.
- [F2]Surrender of Performance Shares represented in payment of the related tax liability incurred by the reporting person.
- [F3]Held for the benefit of the Reporting Person by the Cliffs Natural Resources Inc. 2005 Voluntary Non-Qualified Deferred Compensation Plan (VNQDC).
- [F4]Convertible into Common Shares on a 1-for-1 basis.
- [F5]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.
- [F6]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 1,500 Retention Units.
Documents
Issuer
CLIFFS NATURAL RESOURCES INC.
CIK 0000764065
Entity typeother
Related Parties
1- filerCIK 0001396540
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 5:28 PM ET
- Size
- 10.9 KB