Ross Richard Andrew 4
4 · CLIFFS NATURAL RESOURCES INC. · Filed May 19, 2011
Insider Transaction Report
Form 4
Ross Richard Andrew
Director
Transactions
- Award
Common Stock
2011-05-17$98.02/sh+10.202$1,000→ 408.606 total - Award
Common Stock
2011-05-17+925→ 1,333.606 total
Footnotes (2)
- [F1]Reflects number of Common Shares credited to the account of the Reporting Person in payment of the Reporting Person's required quarterly retainer for the second quarter under the Cliffs Natural Resources Inc. Nonemployee Directors' Compensation Plan (the "Plan") (which was retroactively increased on May 17, 2011).
- [F2]Reflects the number of restricted shares granted to the Reporting Person as the Annual Equity Grant on May 17, 2011, the date of the Annual Meeting of Shareholders pursuant to the Plan.