X0304 4 2012-03-12 1 0000764065 CLIFFS NATURAL RESOURCES INC. CLF 0001512021 McFadden William Jay 1100 SUPERIOR AVENUE 15TH FLOOR CLEVELAND OH 44114 0 1 0 0 VP, Global Coal & Alt. Energy Common Stock 2012-03-12 4 A 0 880 0.00 A 7781 D 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. /s/ Keirsten Riedel By Power of Attorney 2012-03-14