Douglas C Taylor, a director of Cliffs Natural Resources Inc., recently acquired 1,357 shares of the company. The buys took place at $8.43 per share, on July 02, 2018. Taylor now owns 138,268 shares of the company. Taylor operates out of Cleveland, OH. Some additional info was provided as follows:
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 third 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%.
These shares are held in a trust for the benefit of the reporting person's children. Th
e 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.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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