CLIFFS NATURAL RESOURCES INC. 4
4 · CLIFFS NATURAL RESOURCES INC. · Filed Aug 12, 2014
Insider Transaction Report
Form 4
Webb David L
SVP, Global Coal
Transactions
- Award
Common Shares
2014-08-06$17.15/sh+18,810$322,592→ 60,618 total - Disposition to Issuer
Common Shares
2014-08-06$17.15/sh−18,810$322,592→ 35,548 total - Disposition to Issuer
Common Shares
2014-08-06$17.15/sh−6,260$107,359→ 54,358 total
Footnotes (3)
- [F1]Reflects a payout of performance shares at 100 percent target for the 2012-2014 and 2013-2015 performance periods which were deemed earned under the change in control provision of the Issuer's 2012 Incentive Equity Plan, as amended.
- [F2]Reflects the number of restricted share units vested from the 2012-2014 and 2013-2015 grants under the Issuer's 2012 Incentive Equity Plan, as amended. The vested shares converted into a cash payment due to a trigger of the change in control provision of the Issuer's 2012 Incentive Equity Plan, as amended.
- [F3]The performance shares were converted into a cash payment due to a trigger of the change in control provision of the Issuer's 2012 Incentive Equity Plan, as amended.