BLAKE DAVID B 4
4 · CLIFFS NATURAL RESOURCES INC. · Filed Feb 28, 2011
Insider Transaction Report
Form 4
BLAKE DAVID B
SVP, Oper. N. Amer. Iron Ore
Transactions
- Award
Common Stock
2011-02-25$95.23/sh+328$31,235→ 712 total(indirect: VNQDC)
Holdings
- 11,286
Common Stock
Footnotes (2)
- [F1]The amount represents an exchange of a portion of the Reporting Person's 2010 cash bonus for 263 shares of Cliffs Natural Resources Inc. (Company) Common Shares on a deferred basis (Exchange Shares) under the Issuer's 2005 Voluntary Nonqualified Deferred Compensation Plan ("VNQDC Plan"). An additional 65 deferred shares (Match Shares) were credited to the account of the Reporting Person in the VNQDC equal to 25 percent of the market value of the Exchanged Shares on the deferral date of the bonus payment pursuant to the VNQDC Plan.
- [F2]Balance shown reflects 1 share acquired June 1, 2010 and 1 share December 1, 2010 pursuant to the dividend reinvestment feature of the VNQDC Plan to shareholders of record May 14, 2010 and November 19, 2010, respectively.