SEC Form 4 · accession 0000764065-18-000051
CLEVELAND-CLIFFS INC. · CLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lourenco Goncalves
Officer — Chairman, President & CEO · Director
Period of report
Feb 21, 2018
Accepted (ET)
Feb 23, 2018 · 4:27 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 |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Feb 21, 2018 | A | 140,914 | $7.53 | A | 3,394,064 | D | |
| Common SharesF2 | Feb 21, 2018 | F | 63,905 | $7.53 | D | 3,330,159 | D | |
| Common SharesF3 | Feb 21, 2018 | A | 245,455 | $0.00 | A | 3,575,614 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects a payout of performance shares for the 2015-2018 performance period earned under the Issuer's 2015 Equity and Incentive Compensation Plan.
- F2Reflects the surrender of performance shares from the 2015-2018 performance period in payment of the related tax liability incurred by the Reporting Person as a result of the award.
- F3Reflects the number of restricted share units granted to the Reporting Person on February 21, 2018 from the Issuer's Amended and Restated 2015 Equity and Incentive Compensation Plan. This grant vests on December 31, 2020.