0000764065-24-000065.txt : 20240308 0000764065-24-000065.hdr.sgml : 20240308 20240308183439 ACCESSION NUMBER: 0000764065-24-000065 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240306 FILED AS OF DATE: 20240308 DATE AS OF CHANGE: 20240308 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: GONCALVES LOURENCO CENTRAL INDEX KEY: 0001236128 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08944 FILM NUMBER: 24736084 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CLEVELAND-CLIFFS INC. CENTRAL INDEX KEY: 0000764065 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 341464672 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 200 PUBLIC SQUARE STREET 2: STE. 3300 CITY: CLEVELAND STATE: OH ZIP: 44114-2315 BUSINESS PHONE: 216-694-5700 MAIL ADDRESS: STREET 1: 200 PUBLIC SQUARE STREET 2: STE. 3300 CITY: CLEVELAND STATE: OH ZIP: 44114-2315 FORMER COMPANY: FORMER CONFORMED NAME: CLIFFS NATURAL RESOURCES INC. DATE OF NAME CHANGE: 20081015 FORMER COMPANY: FORMER CONFORMED NAME: CLEVELAND CLIFFS INC DATE OF NAME CHANGE: 19920703 4 1 wk-form4_1709940869.xml FORM 4 X0508 4 2024-03-06 0 0000764065 CLEVELAND-CLIFFS INC. CLF 0001236128 GONCALVES LOURENCO 200 PUBLIC SQUARE SUITE 3300 CLEVELAND OH 44114-2315 1 1 0 0 Chairman, President & CEO 0 Common Shares 2024-03-06 4 M 0 187136 7.70 A 2886225 D Common Shares 2024-03-06 4 S 0 187136 20.19 D 2699089 D Common Shares 898800 I By 2022 grantor retained annuity trust Common Shares 2101200 I By 2023 grantor retained annuity trust Employee Stock Options (right-to-buy) 7.70 2024-03-06 4 M 0 187136 0 D 2017-12-31 2025-01-11 Common Shares 187136 0 D This transaction represents the exercise of compensatory stock options, the expiration date of which is January 11, 2025. The price reported in column four is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.00 to $20.36, 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 sold at each separate price within this range. For purposes of clarity, the aggregate number of common shares and share equivalents held both directly and indirectly by the Reporting Person as shown on this Form 4 is 5,699,089. /s/ James D. Graham by Power of Attorney 2024-03-08