SEC Form 4 · accession 0000764065-16-000201
CLEVELAND-CLIFFS INC. · CLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael D Siegal
Director
Period of report
Feb 1, 2016
Accepted (ET)
Feb 25, 2016 · 4:38 pm EST
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 |
|---|---|---|---|---|---|---|---|---|
| Depositary SharesF1,F2 | Feb 1, 2016 | S$0 | 2,500 | — | D | 0 | I | Michael D. Siegal Revocable Trust |
| Common SharesF2 | Feb 1, 2016 | P$0 | 2,263 | — | A | 18,963 | I | Michael D. Siegal Revocable Trust |
| Common Shares | holding | — | — | — | 23,614 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Depositary shares each representing 1/40th interest in a share of the Issuer's 7.00% Series A Mandatory Convertible Preferred Stock (the "Series A Preferred Stock").
- F2On February 1, 2016, the Series A Preferred Stock converted into the Issuer's common shares at an effective conversion rate of .9052 common share per depositary share.