SEC Form 4 · accession 0000764065-15-000086
CLEVELAND-CLIFFS INC. · CLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael D Siegal
Director
Period of report
May 19, 2015
Accepted (ET)
May 21, 2015 · 5:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000764065
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | May 19, 2015 | A | 8,416 | $0.00 | A | 17,010 | D | |
| Common Shares | holding | — | — | — | 7,200 | I | Michael D. Siegal Revocable Trust | |
| Depositary SharesF2 | holding | — | — | — | 2,500 | I | Michael D. Siegal Revocable Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred SharesF3,F4 | — | May 19, 2015 | A | 8,416 | A | — | — | Common Shares | 8,416 | 8,416 | D |
Explanation of responses
- F1Reflects a portion of the restricted shares granted to the Reporting Person as the 2015 Director Restricted Shares pursuant to the 2014 Nonemployee Directors' Compensation Plan (the "Plan").
- F2Depositary shares each representing 1/40th interest in a share of the Issuer's 7.00% Series A Mandatory Convertible Preferred Stock.
- F3The Reporting Person has elected to defer a portion of his 2015 Director Restricted Shares (the "Deferred Shares").
- F4Each Deferred Share is the economic equivalent of one Issuer common share. The Deferred Shares become payable, in cash or common stock, at the election of the Issuer's Governance and Nominating Committee, in accordance with the Reporting Person's deferral election and the terms of the Plan.