Form Type: 4

SEC EDGAR Link
Accession Number:0000764065-20-000022
Date:2020-01-23
Issuer: CLEVELAND-CLIFFS INC. (CLF)
Original Submission Date:

Reporting Person:

GONCALVES LOURENCO
200 PUBLIC SQUARE
SUITE 3300 CLEVELAND, OH 44114-2315

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON SHARES 2020-01-23 A 290,566 a $0.00 3,528,301 direct
COMMON SHARES 2020-01-23 F 193,861 d $7.45 3,334,440 direct
COMMON SHARES 2020-01-23 A 498,212 a $0.00 3,832,652 direct
COMMON SHARES 2020-01-23 F 467,055 d $7.45 3,365,597 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
Footnotes
IDfootnote
f1 reflects a payout of performance shares for the 2017-2019 performance period earned under the issuer's 2015 equity and incentive compensation plan, as amended.
f2 reflects the mandatory surrender of 112,116 shares underlying performance shares and 81,745 shares underlying restricted share units in payment of the related tax liability incurred on january 23, 2020.
f3 reflects a payout of performance shares for the june 2017 to december 2019 performance period earned under the issuer's amended and restated 2015 equity and incentive compensation plan.
f4 reflects the mandatory surrender of 225,940 shares underlying performance shares and 241,115 shares underlying restricted share units in payment of the related tax liability incurred on january 23, 2020.
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