Statement of Changes in Beneficial Ownership (4)
October 05 2020 - 04:22PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
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OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
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Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
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1. Name
and Address of Reporting Person * Taylor
Douglas C |
2. Issuer Name and Ticker or Trading
Symbol CLEVELAND-CLIFFS INC. [ CLF ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)__X__
Director _____
10% Owner
_____ Officer (give title
below) _____ Other
(specify below)
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(Last)
(First)
(Middle)
200 PUBLIC SQUARE, SUITE 3300 |
3. Date of Earliest Transaction (MM/DD/YYYY)
10/1/2020
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(Street)
CLEVELAND, OH 44114-2315
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
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1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following
Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
Amount |
(A) or (D) |
Price |
Common Shares |
10/1/2020 |
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A |
|
1707 (1) |
A |
$6.70 |
162904.21 |
D |
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Common Shares |
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28150 |
I |
Douglas C. Taylor 2005 Family
Trust (2) |
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
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1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. Code
(Instr. 8) |
5. Number of Derivative Securities Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5) |
6. Date Exercisable and Expiration Date |
7. Title and Amount of Securities Underlying
Derivative Security
(Instr. 3 and 4) |
8. Price of Derivative Security
(Instr. 5) |
9. Number of derivative Securities Beneficially
Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct
(D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
(A) |
(D) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Explanation of
Responses: |
(1) |
Reflects the number of
common shares issued to the Reporting Person in payment of the
Reporting Person's quarterly retainer in lieu of cash for the
fourth quarter pursuant to the Reporting Person's election to
participate in the Cleveland-Cliffs Inc. Nonemployee Director
Retainer Share Election Program. The Reporting Person elected to
participate in the Retainer Election Program at 25%. |
(2) |
These shares are held in a
trust for the benefit of the reporting person's children. The
reporting person's spouse is a trustee of the trust. The reporting
person disclaims beneficial ownership of these securities, and the
filing of this report is not an admission that the reporting person
is the beneficial owner of these securities for purposes of Section
16 or for any other purpose. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
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Director |
10% Owner |
Officer |
Other |
Taylor Douglas C
200 PUBLIC SQUARE
SUITE 3300
CLEVELAND, OH 44114-2315 |
X |
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Signatures
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/s/ James D. Graham by Power of
Attorney |
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10/5/2020 |
**Signature of
Reporting Person |
Date |