Statement of Changes in Beneficial Ownership (4)
June 08 2022 - 05:35PM
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).
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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)
6/7/2022
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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
|
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 |
6/7/2022 |
|
S |
|
28150 |
D |
$23.1232 (1) |
0 |
I |
Douglas C. Taylor 2005 Family
Trust (2) |
Common Shares |
6/8/2022 |
|
S |
|
21850 |
D |
$22.7693 (3) |
156974.21 |
D |
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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) |
The price reported in column
four is a weighted average price. These shares were purchased in
multiple transactions at prices ranging from $23.075 to $23.18,
inclusive. The Reporting Person undertakes to provide the Issuer,
any security holder of the Issuer or the Staff of the Securities
and Exchange Commission, upon request, with full information
regarding the number of shares purchased at each separate price
within this range. |
(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. |
(3) |
The price reported in column
four is a weighted average price. These shares were purchased in
multiple transactions at prices ranging from $22.70 to $22.86,
inclusive. The Reporting Person undertakes to provide the Issuer,
any security holder of the Issuer or the Staff of the Securities
and Exchange Commission, upon request, with full information
regarding the number of shares purchased at each separate price
within this range. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
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 |
|
6/8/2022 |
**Signature of
Reporting Person |
Date |
Reminder: Report on a separate line for each class
of securities beneficially owned directly or
indirectly. |
* |
If the form is filed by more than one
reporting person, see Instruction 4(b)(v). |
** |
Intentional misstatements or omissions
of facts constitute Federal Criminal Violations. See 18
U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: |
File three copies of this Form, one of
which must be manually signed. If space is insufficient, see
Instruction 6 for procedure. |
Persons who respond to the collection of information
contained in this form are not required to respond unless the form
displays a currently valid OMB control number. |
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