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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(AMENDMENT NO. 5)*
CLIFFS NATURAL RESOURCES INC.
(Name of Issuer)
COMMON SHARES (PAR VALUE $0.125 PER SHARE)
(Title of Class of Securities)
185896107
(CUSIP Number)
PHILIP FALCONE
555 MADISON AVENUE
16TH FLOOR
NEW YORK, NEW YORK 10022
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
MARCH 2, 2009
(Date of Event which Requires Filing
of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box [_]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other
parties to whom copies are to be sent.
IMPORTANT NOTE: THE SECURITIES SET FORTH IN THIS REPORT ARE DIRECTLY
BENEFICIALLY OWNED BY HARBINGER CAPITAL PARTNERS MASTER FUND I, LTD. AND/OR
HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS FUND, L.P. (COLLECTIVELY, THE
"FUNDS"). ALL OTHER ENTITIES AND PERSONS ARE INCLUDED WITHIN THIS REPORT DUE TO
THEIR AFFILIATION WITH ONE OR BOTH OF THE FUNDS.
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP NO. 185896107 Page 2 of 19
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SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
Harbinger Capital Partners Master Fund I, Ltd.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED 4,345,310
------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
4,345,310
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,345,310
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.83%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
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CUSIP NO. 185896107 Page 3 of 19
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SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
Harbinger Capital Partners Offshore Manager, L.L.C.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED -0-
------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
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CUSIP NO. 185896107 Page 4 of 19
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SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
Harbinger Capital Partners LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED 4,345,310
------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
4,345,310
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,345,310
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.83%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
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CUSIP NO. 185896107 Page 5 of 19
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SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
HMC Investors, L.L.C.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED -0-
------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
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CUSIP NO. 185896107 Page 6 of 19
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SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
Harbinger Capital Partners Special Situations Fund, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED 2,698,276
------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
2,698,276
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,698,276
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.38%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
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CUSIP NO. 185896107 Page 7 of 19
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SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
Harbinger Capital Partners Special Situations GP, L.L.C.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED 2,698,276
------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
2,698,276
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,698,276
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.38%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
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CUSIP NO. 185896107 Page 8 of 19
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SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
HMC - New York, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED -0-
------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
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CUSIP NO. 185896107 Page 9 of 19
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SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
Harbert Management Corporation
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Alabama
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7 SOLE VOTING POWER
NUMBER OF -0-
------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED -0-
------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
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CUSIP NO. 185896107 Page 10 of 19
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SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
Harbinger Holdings, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED 7,043,586
------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
7,043,586
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,043,586
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.20%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
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CUSIP NO. 185896107 Page 11 of 19
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SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
Philip Falcone
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED 7,043,586
------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
7,043,586
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,043,586
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.20%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
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CUSIP NO. 185896107 Page 12 of 19
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SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
Raymond J. Harbert
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED -0-
------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
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CUSIP NO. 185896107 Page 13 of 19
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SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
Michael D. Luce
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED -0-
------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON -0-
------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
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CUSIP NO. 185896107 Page 14 of 19
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Item 1. SECURITY AND ISSUER.
This Amendment No. 5 to Schedule 13D ("Amendment No. 5") is being
filed by the undersigned to amend the Schedule 13D filed by the Reporting
Persons on July 17, 2008, as amended by Amendment No. 1 filed on August 14,
2008, Amendment No. 2 filed on January 12, 2009, Amendment No. 3 filed on
January 16, 2009, and Amendment No. 4 filed on February 5, 2009 (as amended,
the "Schedule 13D"), with respect to the Common Shares, $0.125 par value per
share (the "Shares"), of Cliffs Natural Resources Inc., an Ohio corporation
(the "Issuer"). The address of the Issuer is 1100 Superior Avenue, Cleveland,
Ohio 44114-2544.
Item 2. IDENTITY AND BACKGROUND.
Item 2 of the Schedule 13D is hereby amended and restated in its
entirety as follows:
"As a result of the transfer of certain management agreements and
related transactions among Reporting Persons, certain of the Reporting Persons
no longer have beneficial ownership of the Shares, and two new Reporting
Persons have been added, as follows:
(a-c, f) This Schedule 13D is being filed by Harbinger Capital
Partners Master Fund I, Ltd. (the "Master Fund"); Harbinger Capital Partners
Offshore Manager, L.L.C. ("Harbinger Manager"), the former investment manager
of the Master Fund; Harbinger Capital Partners, LLC ("Harbinger LLC"), the
investment manager of the Master Fund; HMC Investors, L.L.C. ("HMC Investors"),
the former managing member of Harbinger Manager; Harbinger Capital Partners
Special Situations Fund, L.P. (the "Special Fund"); Harbinger Capital Partners
Special Situations GP, LLC ("HCPSS"), the general partner of the Special Fund;
HMC - New York, Inc. ("HMCNY"), the former managing member of HCPSS; Harbert
Management Corporation ("HMC"), the parent of HMCNY; Harbinger Holdings, LLC
("Harbinger Holdings"), the managing member of Harbinger Manager, Harbinger LLC
and HCPSS, Philip Falcone, the managing member of Harbinger Holdings and the
portfolio manager of the Master Fund and the Special Fund, Raymond J. Harbert,
a member of HMC Investors and a shareholder of HMC, and Michael D. Luce, a
member of HMC Investors and a shareholder of HMC (each of the Master Fund,
Harbinger Manager, Harbinger LLC, HMC Investors, HMC, Special Fund, HCPSS,
HMCNY, Harbinger Holdings, Philip Falcone, Raymond J. Harbert and Michael D.
Luce may be referred to herein as a "Reporting Person" and collectively may be
referred to as "Reporting Persons").
The Master Fund is a Cayman Islands corporation with its principal
business address at c/o International Fund Services (Ireland) Limited, Third
Floor, Bishop's Square, Redmond's Hill, Dublin 2, Ireland. Each of Harbinger
Manager, Harbinger LLC, HMC Investors, HCPSS and Harbinger Holdings is a
Delaware limited liability company. The Special Fund is a Delaware limited
partnership. HMC is an Alabama corporation. HMCNY is a New York corporation.
Each of Philip Falcone, Raymond J. Harbert and Michael D. Luce is a United
States citizen. The principal business address for each of Harbinger Manager,
Harbinger LLC, the Special Fund, HCPSS, HMCNY, Harbinger Holdings and Philip
Falcone is 555 Madison Avenue, 16th Floor, New York, New York 10022. The
principal business address for each of HMC Investors, HMC, Raymond J. Harbert
and Michael D. Luce is 2100 Third Avenue North, Suite 600, Birmingham, Alabama
35203.
(d) None of Philip Falcone, Raymond J. Harbert or Michael D. Luce has,
during the last five years, been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
(e) None of the Reporting Persons have, during the last five years,
been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding were or are subject
to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, Federal or state securities
laws or finding any violation with respect to such laws."
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 of the Schedule 13D is hereby amended and restated in its
entirety as follows:
"As of the date hereof the Master Fund may be deemed to beneficially
own 4,345,310 Shares.
As of the date hereof Harbinger Manager may be deemed to beneficially
own 0 Shares.
As of the date hereof Harbinger LLC may be deemed to beneficially own
4,345,310 Shares.
As of the date hereof HMC Investors may be deemed to beneficially own
0 Shares.
As of the date hereof the Special Fund may be deemed to beneficially
own 2,698,276 Shares.
As of the date hereof HCPSS may be deemed to beneficially own
2,698,276 Shares.
As of the date hereof HMCNY may be deemed to beneficially own 0
Shares.
As of the date hereof HMC may be deemed to beneficially own 0 Shares.
As of the date hereof Harbinger Holdings may be deemed to beneficially
own 7,043,586 Shares.
As of the date hereof Philip Falcone may be deemed to beneficially own
7,043,586 Shares.
As of the date hereof Raymond J. Harbert may be deemed to beneficially
own 0 Shares.
As of the date hereof Michael D. Luce may be deemed to beneficially
own 0 Shares.
No borrowed funds were used to purchase the Shares, other than any
borrowed funds used for working capital purposes in the ordinary course of
business."
Item 4. PURPOSE OF TRANSACTION.
No material change.
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 of the Schedule 13D is hereby amended by deleting paragraphs
(a),(b), (c) and (e) thereof and replacing such items with the following:
"References to percentage ownerships of Shares in this Schedule 13D
are based upon the 113,527,411 Shares stated to be outstanding as of February
23, 2009 by the Issuer in the Issuer's Annual Report on Form 10-K for the
fiscal year ended December 31, 2008.
(a, b) As of the date hereof, the Master Fund may be deemed to be the
beneficial owner of 4,345,310 Shares, constituting 3.83% of the Shares
outstanding of the Issuer.
The Master Fund has the sole power to vote or direct the vote of 0
Shares; has the shared power to vote or direct the vote of 4,345,310 Shares;
has sole power to dispose or direct the disposition of 0 Shares; and has shared
power to dispose or direct the disposition of 4,345,310 Shares.
The Master Fund specifically disclaims beneficial ownership in the
Shares reported herein except to the extent it actually exercises voting or
dispositive power with respect to such Shares.
(a, b) As of the date hereof, Harbinger Manager may be deemed to be
the beneficial owner of 0 Shares, constituting 0% of the Shares outstanding of
the Issuer.
Harbinger Manager has the sole power to vote or direct the vote of 0
Shares; has the shared power to vote or direct the vote of 0 Shares; has sole
power to dispose or direct the disposition of 0 Shares; and has shared power to
dispose or direct the disposition of 0 Shares.
Harbinger Manager specifically disclaims beneficial ownership in the
Shares reported herein except to the extent it actually exercises voting or
dispositive power with respect to such Shares.
--------------------------- ---------------------------
CUSIP NO. 185896107 Page 15 of 19
--------------------------- ---------------------------
(a, b) As of the date hereof, Harbinger LLC may be deemed to be the
beneficial owner of 4,345,310 Shares, constituting 3.83% of the Shares
outstanding of the Issuer.
Harbinger LLC has the sole power to vote or direct the vote of 0
Shares; has the shared power to vote or direct the vote of 4,345,310 Shares;
has sole power to dispose or direct the disposition of 0 Shares; and has shared
power to dispose or direct the disposition of 4,345,310 Shares.
Harbinger LLC specifically disclaims beneficial ownership in the
Shares reported herein except to the extent it actually exercises voting or
dispositive power with respect to such Shares.
(a, b) As of the date hereof, HMC Investors may be deemed to be the
beneficial owner of 0 Shares, constituting 0% of the Shares outstanding of the
Issuer.
HMC Investors has the sole power to vote or direct the vote of 0
Shares; has the shared power to vote or direct the vote of 0 Shares; has sole
power to dispose or direct the disposition of 0 Shares; and has shared power to
dispose or direct the disposition of 0 Shares.
HMC Investors specifically disclaims beneficial ownership in the
Shares reported herein except to the extent it actually exercises voting or
dispositive power with respect to such Shares.
(a, b) As of the date hereof, the Special Fund may be deemed to be the
beneficial owner of 2,698,276 Shares, constituting 2.38% of the Shares
outstanding of the Issuer.
The Special Fund has the sole power to vote or direct the vote of 0
Shares; has the shared power to vote or direct the vote of 2,698,276 Shares;
has sole power to dispose or direct the disposition of 0 Shares; and has shared
power to dispose or direct the disposition of 2,698,276 Shares.
The Special Fund specifically disclaims beneficial ownership in the
Shares reported herein except to the extent it actually exercises voting or
dispositive power with respect to such Shares.
(a, b) As of the date hereof, HCPSS may be deemed to be the beneficial
owner of 2,698,276 Shares, constituting 2.38% of the Shares outstanding of the
Issuer.
HCPSS has the sole power to vote or direct the vote of 0 Shares; has
the shared power to vote or direct the vote of 2,698,276 Shares; has sole power
to dispose or direct the disposition of 0 Shares; and has shared power to
dispose or direct the disposition of 2,698,276 Shares.
HCPSS specifically disclaims beneficial ownership in the Shares
reported herein except to the extent it actually exercises voting or
dispositive power with respect to such Shares.
(a, b) As of the date hereof, HMCNY may be deemed to be the beneficial
owner of 0 Shares, constituting 0% of the Shares outstanding of the Issuer.
HMCNY has the sole power to vote or direct the vote of 0 Shares; has
the shared power to vote or direct the vote of 0 Shares; has sole power to
dispose or direct the disposition of 0 Shares; and has shared power to dispose
or direct the disposition of 0 Shares.
HMCNY specifically disclaims beneficial ownership in the Shares
reported herein except to the extent it actually exercises voting or
dispositive power with respect to such Shares.
(a, b) As of the date hereof, HMC may be deemed to be the beneficial
owner of 0 Shares, constituting 0% of the Shares outstanding of the Issuer.
HMC has the sole power to vote or direct the vote of 0 Shares; has the
shared power to vote or direct the vote of 0 Shares; has sole power to dispose
or direct the disposition of 0 Shares; and has shared power to dispose or
direct the disposition of 0 Shares.
HMC specifically disclaims beneficial ownership in the Shares reported
herein except to the extent it actually exercises voting or
dispositive power with respect to such Shares.
(a, b) As of the date hereof, Harbinger Holdings may be deemed to be
the beneficial owner of 7,043,586 Shares, constituting 6.20% of the Shares
outstanding of the Issuer.
Harbinger Holdings has the sole power to vote or direct the vote of 0
Shares; has the shared power to vote or direct the vote of 7,043,586 Shares;
has sole power to dispose or direct the disposition of 0 Shares; and has shared
power to dispose or direct the disposition of 7,043,586 Shares.
Harbinger Holdings specifically disclaims beneficial ownership in the
Shares reported herein except to the extent it actually exercises voting or
dispositive power with respect to such Shares.
(a, b) As of the date hereof, Philip Falcone may be deemed to be the
beneficial owner of 7,043,586 Shares, constituting 6.20% of the Shares
outstanding of the Issuer.
Mr. Falcone has the sole power to vote or direct the vote of 0 Shares;
has the shared power to vote or direct the vote of 7,043,586 Shares; has sole
power to dispose or direct the disposition of 0 Shares; and has shared power to
dispose or direct the disposition of 7,043,586 Shares.
Mr. Falcone specifically disclaims beneficial ownership in the Shares
reported herein except to the extent he actually exercises voting or
dispositive power with respect to such Shares.
--------------------------- ---------------------------
CUSIP NO. 185896107 Page 16 of 19
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(a, b) As of the date hereof, Raymond J. Harbert may be deemed to be
the beneficial owner of 0 Shares, constituting 0% of the Shares outstanding of
the Issuer.
Mr. Harbert has the sole power to vote or direct the vote of 0 Shares;
has the shared power to vote or direct the vote of 0 Shares; has sole power to
dispose or direct the disposition of 0 Shares; and has shared power to dispose
or direct the disposition of 0 Shares.
Mr. Harbert specifically disclaims beneficial ownership in the Shares
reported herein except to the extent he actually exercises voting or
dispositive power with respect to such Shares.
(a, b) As of the date hereof, Michael D. Luce may be deemed to be the
beneficial owner of 0 Shares, constituting 0% of the Shares outstanding of the
Issuer.
Mr. Luce has the sole power to vote or direct the vote of 0 Shares;
has the shared power to vote or direct the vote of 0 Shares; has sole power to
dispose or direct the disposition of 0 Shares; and has shared power to dispose
or direct the disposition of 0 Shares.
Mr. Luce specifically disclaims beneficial ownership in the Shares
reported herein except to the extent he actually exercises voting or
dispositive power with respect to such Shares.
(c) The trading dates, number of Shares purchased and sold and price
per share for all transactions in the Shares by the Reporting Persons since the
filing of Amendment No. 4 are set forth in Exhibit M.
(e) As described in Item 2 herein, as of March 4, 2009 each of
Harbinger Manager, HMC Investors, HMCNY, HMC, Raymond J. Harbert and Michael D.
Luce have ceased to be the beneficial owner of more than five percent of the
class of securities."
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Item 6 of the Schedule 13D is hereby amended by adding the following
after the last paragraph thereof:
"The Master Fund closed out of certain equity swap transactions with
TradIndex on February 5, 2009, February 10, 2009, February 11, 2009, and
February 18, 2009, in the amount of 153,357, 350,000, 316,800, and 365,033
notional Shares, respectively, at a price of $23.639, $27.4164, $26.751, and
$22.801, respectively. In addition, the Master Fund closed out of certain
equity swap transactions with Deutsche Bank AG on February 18, 2009, February
19, 2009, February 20, 2009, and February 23, 2009, in the amount of
188,400,127,200, 607,273, and 35,200 notional Shares, respectively, at a price
of $22.5417, $23.0423, $21.5396, and $21.2917, respectively. The Special Fund
closed out certain equity swap transactions with TradIndex on February 5, 2009,
February 10, 2009, February 11, 2009, and February 18, 2009, in the amount of
79,000, 174,800, 158,400, and 36,894 notional Shares, respectively, at a price
of $23.639, $27.4164, $26.751, and $22.801, respectively."
Item 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit L: Joint Filing Agreement
Exhibit M: Transactions in the Common Shares of Cliffs Natural
Resources Inc.
--------------------------- ---------------------------
CUSIP NO. 185896107 Page 17 of 19
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
HARBINGER CAPITAL PARTNERS MASTER FUND I, LTD.
By: Harbinger Capital Partners LLC
By: Harbinger Holdings, LLC,
Managing Member
By: /s/ Philip Falcone
----------------------------------------
Name: Philip Falcone
Title: Managing Member
HARBINGER CAPITAL PARTNERS OFFSHORE MANAGER,
L.L.C.
By: Harbinger Holdings, LLC,
Managing Member
By: /s/ Philip Falcone
----------------------------------------
Name: Philip Falcone
Title: Managing Member
HMC INVESTORS, L.L.C.
By: /s/ Joel B. Piassick
----------------------------------------
Name: Joel B. Piassick
Title: Executive Vice President
HARBINGER CAPITAL PARTNERS LLC
By: Harbinger Holdings, LLC,
Managing Member
By: /s/ Philip Falcone
----------------------------------------
Name: Philip Falcone
Title: Managing Member
--------------------------- ---------------------------
CUSIP NO. 185896107 Page 18 of 19
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HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS
FUND, L.P.
By: Harbinger Capital Partners Special
Situations GP, LLC
By: Harbinger Holdings, LLC, Managing Member
By: /s/ Philip Falcone
----------------------------------------
Name: Philip Falcone
Title: Managing Member
HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS
GP, LLC
By: Harbinger Holdings, LLC, Managing Member
By: /s/ Philip Falcone
----------------------------------------
Name: Philip Falcone
Title: Managing Member
HMC - NEW YORK, INC.
By: /s/ Joel B. Piassick
----------------------------------------
Name: Joel B. Piassick
Title: Executive Vice President
HARBERT MANAGEMENT CORPORATION
By: /s/ Joel B. Piassick
----------------------------------------
Name: Joel B. Piassick
Title: Executive Vice President
HARBINGER HOLDINGS, LLC
By: /s/ Philip Falcone
----------------------------------------
Name: Philip Falcone
Title: Managing Member
--------------------------- ---------------------------
CUSIP NO. 185896107 Page 19 of 19
--------------------------- ---------------------------
/s/ Philip Falcone
---------------------------------------------
Philip Falcone
/s/ Raymond J. Harbert
---------------------------------------------
Raymond J. Harbert
/s/ Michael D. Luce
---------------------------------------------
Michael D. Luce
March 5, 2009
Attention: Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001)