SEC Form 4 · accession 0000764065-17-000092
CLEVELAND-CLIFFS INC. · CLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael D Siegal
Director
Period of report
Apr 25, 2017
Accepted (ET)
Apr 27, 2017 · 5:06 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 | Apr 25, 2017 | A | 10,373 | $0.00 | A | 49,599 | D | |
| Common Shares | holding | — | — | — | 18,963 | 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 SharesF2,F3 | — | Apr 25, 2017 | A | 3,458 | A | — | — | Common Shares | 3,458 | 21,735 | D |
Explanation of responses
- F1Reflects the number of restricted shares granted to the Reporting Person as the 2017 Director Restricted Shares pursuant to the Amended and Restated 2014 Nonemployee Directors' Compensation Plan.
- F2The Reporting Person has elected to defer a portion of his 2017 Director Restricted Shares (the "Deferred Shares").
- F3Each 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 2014 Nonemployee Directors' Compensation Plan.