X0303 4 2009-03-05 0 0000764065 CLIFFS NATURAL RESOURCES INC. CLF 0001257528 GALLAGHER DONALD J 1100 SUPERIOR AVENUE CLEVELAND OH 44114 0 1 0 0 Pres. N. Am. Iron Ore Common Stock 2009-03-05 4 A 0 21420 15.43 A 60438.048 D Common Stock 2009-03-05 4 F 0 6843 15.43 D 53595.048 D Common Stock 97003 I By VNQDC Retention Units 2006-2008 2009-03-05 4 D 0 2520 25.61 D Common Shares 2520 0 D Reflects payout in Common Stock of Performance Shares earned under the Cleveland-Cliffs Inc 1992 Equity Plan (as Amended and Restated as of May 13, 1997) as amended ("Plan"), for the 2006-2008 Performance Period. Surrender of Performance Shares represented in footnote (1) in payment of the related tax liability incurred by the reporting person. Held for the benefit of the Reporting Person by the Cliffs Natural Resources Inc. 2005 Voluntary Non-Qualified Deferred Compensation Plan (VNQDC). Convertible into Common Shares on a 1-for-1 basis. Represents a payout of Retention Units to the Reporting Person under the Cleveland-Cliffs Inc Long-Term Incentive Program of the Plan covering the period January 1, 2006 through December 31, 2008 (Incentive Period). Payment of the Retention Units was made in cash after the completion of the Incentive Period based upon the employment by the Company of the Reporting Person and the market value of a Common Share of the Company on December 31, 2008 pursuant to the Plan. George W. Hawk, Jr. by Power of Attorney 2009-03-06