Michaud James R 4
4 · CLIFFS NATURAL RESOURCES INC. · Filed Feb 29, 2012
Insider Transaction Report
Form 4
Michaud James R
SVP, Human Resources
Transactions
- Award
Common Stock
2012-02-27$66.61/sh+1,008$67,143→ 1,008 total(indirect: By VNQDC)
Holdings
- 2,827
Common Stock
Footnotes (1)
- [F1]The amount represents an exchange of a portion of the Reporting Person's 2011 cash bonus for 807 shares of Cliffs Natural Resources Inc. Common Shares on a deferred basis (Exchange Shares) under the Issuer's 2005 Voluntary Nonqualified Deferred Compensation Plan ("VNQDC Plan"). An additional 201 deferred shares (Match Shares) were credited to the account of the Reporting Person into the VNQDC Plan equal to 20 percent of the market value of the Exchanged Shares on the deferral date of the bonus payment pursuant to the VNQDC Plan.