SEC Form 4 · accession 0000764065-18-000101
CLEVELAND-CLIFFS INC. · CLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric M Rychel
Director
Period of report
Apr 24, 2018
Accepted (ET)
Apr 26, 2018 · 5:40 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000764065
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred SharesF1,F2 | — | Apr 24, 2018 | A | 13,736 | A | — | — | Common Shares | 13,736 | 27,567 | D |
Explanation of responses
- F1The Reporting Person has elected to defer a portion of his 2018 Director Restricted Shares (the "Deferred Shares").
- F2Each 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 Amended and Restated 2014 Nonemployee Directors' Compensation Plan.