SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

BRINZO JOHN S

(Last)

(First)

(Middle)

1100 SUPERIOR AVENUE

15TH FLOOR

(Street)

CLEVELAND

44114

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CLEVELAND CLIFFS INC [ CLF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chairman & CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2005

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/01/2005		M		15,000	A	$37.8984	114,007	D
Common Stock	08/01/2005		S		4,300	D	$74.4	109,707	D
Common Stock	08/01/2005		S		500	D	$74.41	109,207	D
Common Stock	08/01/2005		S		400	D	$74.43	108,807	D
Common Stock	08/01/2005		S		400	D	$74.45	108,407	D
Common Stock	08/01/2005		S		300	D	$74.48	108,107	D
Common Stock	08/01/2005		S		1,700	D	$74.49	106,407	D
Common Stock	08/01/2005		S		800	D	$74.25	105,607	D
Common Stock	08/01/2005		S		600	D	$74.51	105,007	D
Common Stock	08/01/2005		S		1,700	D	$74.52	103,307	D
Common Stock	08/01/2005		S		300	D	$74.61	103,007	D
Common Stock	08/01/2005		S		100	D	$74.68	102,907	D
Common Stock	08/01/2005		S		500	D	$74.69	102,407	D
Common Stock	08/01/2005		S		3,300	D	$74.7	99,107	D
Common Stock	08/01/2005		S		100	D	$74.73	99,007	D
Common Stock	08/02/2005		M		9,000	A	$37.8984	108,007	D
Common Stock	08/02/2005		S		1,800	D	$76	106,207	D
Common Stock	08/02/2005		S		300	D	$76.01	105,907	D
Common Stock	08/02/2005		S		100	D	$76.05	105,807	D
Common Stock	08/02/2005		S		1,400	D	$76.06	104,407	D
Common Stock	08/02/2005		S		100	D	$76.07	104,307	D
Common Stock	08/02/2005		S		800	D	$76.09	103,507	D
Common Stock	08/02/2005		S		500	D	$76.14	103,007	D
Common Stock	08/02/2005		S		2,800	D	$77.46	100,207	D
Common Stock	08/02/2005		S		1,100	D	$77.52	99,107	D
Common Stock	08/02/2005		S		100	D	$77.64	99,007	D
Common Stock								71,759⁽¹⁾	I	By VNQDC⁽²⁾
Common Stock								17,722	I	By Wife

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Options (right-to-buy)	$37.8984⁽³⁾	08/01/2005		M			15,000	01/12/2003	01/12/2009	Common Shares	15,000	$0.00	18,334	D
Options (right-to-buy)	$37.8984⁽³⁾	08/02/2005		M			9,000	01/12/2003	01/12/2009	Common Shares	9,000	$0.00	9,334	D

Explanation of Responses:

1. Balance shown reflects 27 shares acquired June 1, 2005 pursuant to the dividend reinvestment feature of the Voluntary Non-Qualified Deferred Compensation Plan ("VNQDC") to shareholders of record as of May 20, 2005.

2. Held for the benefit of the Reporting Person by the Cleveland-Cliffs Inc VNQDC.

3. Original conversion price of this stock option was 75.79688. A 2-for-1 stock split occurred on December 31, 2004. The current conversion price of 37.8984 reflects the effect of the stock split.

Remarks:

	John S. Brinzo	08/03/2005
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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