X0303 4 2011-03-08 0 0000764065 CLIFFS NATURAL RESOURCES INC. CLF 0001486545 BLAKE DAVID B 1100 SUPERIOR AVENUE SUITE 1500 CLEVELAND OH 44114 0 1 0 0 SVP, Oper. N. Amer. Iron Ore Common Stock 2011-03-08 4 A 0 1450 0.00 A 12736 D Common Stock 712 I VNQDC Reflects the number of restricted share units granted to the Reporting Person on March 8, 2011 for the Performance Period 2011 to 2013 from the Issuer's Amended and Restated Cliffs 2007 Incentive Equity Plan. Held for the benefit of the Reporting Person by the Cliffs Natural Resources Inc. 2005 Voluntary Non-Qualified Deferred Compensation Plan (VNQDC). /s/ Nancy L. Watts by Power of Attorney 2011-03-10