X0202 4 2006-12-28 0 0000764065 CLEVELAND CLIFFS INC CLF 0001221381 IRELAND JAMES D III 1801 EAST 9TH STREET SUITE 1700 CLEVELAND OH 44114 1 0 0 0 Common Stock 2006-12-28 4 G 0 2865 0.00 D 12743 D Common Stock 2006-12-29 4 G 0 2066 0.00 D 10677 D Common Stock 174796 I Co-Trustee Stock Units Common Shares 11365.653 11365.653 D Disposition of shares as gift requires no dollar amount. Shares are held in five trusts for the benefit of siblings and the Reporting Person who is a co-trustee of the trusts. The Reporting Person disclaims beneficial ownership of 127,947 of these shares. The Reporting Person has an interest in the income or corpus with respect to 46,849 shares. Convertible into Common Shares on a 1-for-1 basis. Stock Units reflect Common Shares underlying deferred compensation credited to the account of the Reporting Person under the Nonemployee Directors' Compensation Plan (as Amended and Restated January 1, 2005) ("Plan"). Each Stock Unit is generally distributable following termination of service as a Director. The total includes dividend reinvestment pursuant to the Plan. The number of deferred dividend reinvestment equivalent shares earned in the Plan is calculated using the closing market price at the end of each quarter for shares held in the Plan. The reporting person was credited with 29.2537 dividend reinvestment shares on December 29, 2006. George W. Hawk, Jr. by Power of Attorney 2007-01-03