SEC Form 4 · accession 0000764065-15-000134
CLEVELAND-CLIFFS INC. · CLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael D Siegal
Director
Period of report
Oct 1, 2015
Accepted (ET)
Oct 5, 2015 · 4:16 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 | Oct 1, 2015 | A | 2,648 | $2.36 | A | 19,658 | D | |
| Common Shares | holding | — | — | — | 16,700 | I | Michael D. Siegal Revocable Trust | |
| Depositary SharesF2 | holding | — | — | — | 2,500 | I | Michael D. Siegal Revocable Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On July 13, 2015 the Board of Directors of Cliffs Natural Resources Inc. (the "Company") approved the Nonemployee Director Retainer Share Election Program (the "Retainer Election Program") pursuant to which the nonemployee directors may elect to receive all or any portion of their annual retainer and any other fees earned in cash in common shares of the Company beginning with the fourth quarter 2015 payment. The number of shares reported reflect the reporting person's election to participate in the Retainer Election Program at 25%.
- F2Depositary shares each representing 1/40th interest in a share of the Issuer's 7.00% Series A Mandatory Convertible Preferred Stock.