X0303 4 2009-03-05 0 0000764065 CLIFFS NATURAL RESOURCES INC. CLF 0001417649 Vetor Duke D 17385 TALL TREE TRAIL CHAGRIN FALLS OH 44023 0 1 0 0 SVP - N. American Coal Common Stock 2009-03-05 4 A 0 4620 15.43 A 18570 D Common Stock 2009-03-05 4 F 0 1559 15.43 D 17011 D Retention Units 2006-2008 2009-03-05 4 D 0 1320 25.61 D Common Shares 1320 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. Total ownership reflects the 2-for-1 stock split on May 15, 2008, which resulted in the reporting person's acquiring 6,975 additional shares. Convertible into Common Shares on a 1-for-1 basis. Total ownership reflects the 2-for-1 stock split on May 15, 2008, which resulted in the reporting person's receiving 660 additional Retention Units. 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