CLIFFS NATURAL RESOURCES INC. 4
4 · CLIFFS NATURAL RESOURCES INC. · Filed Apr 29, 2016
Insider Transaction Report
Form 4
SAWYER JAMES S
Director
Transactions
- Award
Deferred Shares
2016-04-27+19,722→ 36,554 total→ Common Shares (19,722 underlying)
Footnotes (1)
- [F1]Each 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.