PRICE DUNCAN 4
4 · CLIFFS NATURAL RESOURCES INC. · Filed Mar 10, 2010
Insider Transaction Report
Form 4
PRICE DUNCAN
SVP,Managing Director Asia-Pac
Transactions
- Award
Retention Units 2010-2012
2010-03-08+1,810→ 1,810 total→ Common Shares (1,810 underlying)
Holdings
- 2,175
Common Stock
Footnotes (2)
- [F1]Convertible into Common Shares on a 1-for-1 basis.
- [F2]The number represents a grant of Retention Units to the Reporting Person under the Cleveland-Cliffs Inc 2007 Incentive Equity Plan (Plan) covering the period January 1, 2010 through December 31, 2012 (Incentive Period). Payment of the Retention Units is made in cash after the completion of the Incentive Period based upon the employment of the Reporting Person and the market value of the Company's Shares at the end of the Incentive Period pursuant to the Plan.