SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

RANKIN BRUCE T

(Last)

(First)

(Middle)

NACCO INDUSTRIES, INC.

5875 LANDERBROOK DRIVE, STE. 220

(Street)

MAYFIELD HEIGHTS

44124

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
NACCO INDUSTRIES INC [ NC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Member of a group

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2020

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	01/22/2021		S⁽¹⁾		21,916	D	$15.1859	0	I	BTR - MAIN TRUST RAII⁽²⁾
Class A Common Stock								14,313	I	BTR Main Trust - Class A⁽³⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	⁽⁴⁾	12/31/2020		G	V		1,222	⁽⁴⁾	⁽⁴⁾	Class A Common Stock	1,222	⁽⁴⁾	17,672	I	BTR - RA1⁽⁵⁾
Class B Common Stock	⁽⁴⁾	12/31/2020		G	V		1,222	⁽⁴⁾	⁽⁴⁾	Class A Common Stock	1,222	⁽⁴⁾	16,450	I	BTR - RA1⁽⁵⁾
Class B Common Stock	⁽⁴⁾	12/31/2020		G	V		1,221	⁽⁴⁾	⁽⁴⁾	Class A Common Stock	1,221	⁽⁴⁾	15,229	I	BTR - RA1⁽⁵⁾
Class B Common Stock	⁽⁴⁾	12/31/2020		G	V		1,221	⁽⁴⁾	⁽⁴⁾	Class A Common Stock	1,221	⁽⁴⁾	14,008	I	BTR - RA1⁽⁵⁾
Class B Common Stock	⁽⁴⁾	12/31/2020		G	V		1,221	⁽⁴⁾	⁽⁴⁾	Class A Common Stock	1,221	⁽⁴⁾	12,787	I	BTR - RA1⁽⁵⁾
Class B Common Stock	⁽⁴⁾	12/31/2020		G	V		1,222	⁽⁴⁾	⁽⁴⁾	Class A Common Stock	1,222	⁽⁴⁾	11,565	I	BTR - RA1⁽⁵⁾
Class B Common Stock	⁽⁴⁾	12/31/2020		G	V		1,222	⁽⁴⁾	⁽⁴⁾	Class A Common Stock	1,222	⁽⁴⁾	10,343	I	BTR - RA1⁽⁵⁾
Class B Common Stock	⁽⁴⁾	12/31/2020		G	V		1,222	⁽⁴⁾	⁽⁴⁾	Class A Common Stock	1,222	⁽⁴⁾	9,121	I	BTR - RA1⁽⁵⁾
Class B Common Stock	⁽⁴⁾	12/31/2020		G	V		1,222	⁽⁴⁾	⁽⁴⁾	Class A Common Stock	1,222	⁽⁴⁾	7,899	I	BTR - RA1⁽⁵⁾
Class B Common Stock	⁽⁴⁾	12/31/2020		G	V		1,222	⁽⁴⁾	⁽⁴⁾	Class A Common Stock	1,222	⁽⁴⁾	6,677	I	BTR - RA1⁽⁵⁾
Class B Common Stock	⁽⁴⁾	01/22/2021		S⁽⁶⁾			6,677	⁽⁴⁾	⁽⁴⁾	Class A Common Stock	6,677	$15.1859	0	I	BTR - RA1⁽⁵⁾
Class B Common Stock	$0	01/22/2021		S⁽⁷⁾			59,675	⁽⁴⁾	⁽⁴⁾	Class A Common Stock	59,675	$15.1859	0	I	BTR - RAIV⁽⁸⁾

Explanation of Responses:

1. BTR RAII -- The shares conveyed in this transaction are part of a group of shares conveyed in exchange for a series of promissory notes each in the principal amount of $327,007.89 plus interest which will accrue at a rate of 0.52% per annum, the principal amount of which indebtedness will be due and owing on January 21, 2030 and the accrued interest will be due and owing annually during the term. These transactions were executed as part of multi-generational estate planning by and among members of the Rankin family.

2. Represents the Reporting Person's proportionate limited partnership interests in shares held by Rankin Associates II, L.P., which is held in a trust for the benefit of Bruce T. Rankin. Reporting Person's brother serves as the Trustee of the Trust.

3. Held by Trust for the benefit of Reporting Person.

4. N/A

5. Represents the proportionate limited partnership interest in shares held by Rankin Associates I, L.P., which is held in a trust for the benefit of Bruce T. Rankin.

6. BTR RAI -- The shares conveyed in this transaction are part of a group of shares conveyed in exchange for a series of promissory notes each in the principal amount of $99,671.39 plus interest which will accrue at a rate of 0.52% per annum, the principal amount of which indebtedness will be due and owing on January 21, 2030 and the accrued interest will be due and owing annually during the term. These transactions were executed as part of multi-generational estate planning by and among members of the Rankin family.

7. BTR RAIV -- The shares conveyed in this transaction are part of a group of shares conveyed in exchange for a series of promissory notes each in the principal amount of $890,720.11 plus interest which will accrue at a rate of 0.52% per annum, the principal amount of which indebtedness will be due and owing on January 21, 2030 and the accrued interest will be due and owing annually during the term. These transactions were executed as part of multi-generational estate planning by and among members of the Rankin family.

8. RA4-Represents the Reporting Person's proportionate limited partnership interest in shares of Rankin Associates IV, L.P.

	/s/ Matthew J. Dilluvio, attorney-in-fact	01/26/2021
	** 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).
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