X0304 4 2012-03-12 0 0000764065 CLIFFS NATURAL RESOURCES INC. CLF 0001257528 GALLAGHER DONALD J 1100 SUPERIOR AVENUE CLEVELAND OH 44114 0 1 0 0 EVP, Pres. Global Commercial Common Stock 2012-03-12 4 A 0 3950 0.00 A 42480.0482 D Common Stock 99777 I By VNQDC Reflects the number of restricted share units granted to the Reporting Person on March 12, 2012 for the Performance Period 2012 to 2014 from the Issuer's Amended and Restated Cliffs 2007 Incentive Equity Plan. The Board of Directors of Cliffs Natural Resources Inc. declared dividends of $0.28 per share, payable to all holders of record as of February 15, 2012. The amount shown reflects 0.0002 shares credited on March 1, 2012 to the Reporting Person pursuant to the Dividend Reinvestment and Stock Purchase Plan. Held for the benefit of the Reporting Person by the Issuer's 2005 Voluntary Non-Qualified Deferred Compensation Plan ("VNQDC"). /s/ Keirsten Riedel By Power of Attorney 2012-03-14