Rankin Claiborne R Form 4 NACCO INDUSTRIES / CLAIBORNE R RANKIN ownership change

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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 CLAIBORNE R

(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		P⁽¹⁾		2,192	A	$15.1859	2,192	I	By Trust/Daughter 1⁽²⁾
Class A Common Stock	01/22/2021		P⁽¹⁾		2,192	A	$15.1859	2,192	I	By Trust/Son⁽³⁾
Class A Common Stock	01/22/2021		P⁽¹⁾		2,192	A	$15.1859	2,192	I	By Trust/Daughter 2⁽⁴⁾
Class A Common Stock								1,978	I	By Assoc II/Spouse⁽⁵⁾
Class A Common Stock								2,360	I	By Spouse/Trust⁽⁶⁾
Class A Common Stock								32,571	I	By Assoc II⁽⁷⁾
Class A Common Stock								1,975	I	By RMI (Delaware)⁽⁸⁾
Class A Common Stock								25,768	I	By Trust⁽⁹⁾

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	⁽¹⁰⁾	12/31/2020		G	V	1,222		⁽¹⁰⁾	⁽¹⁰⁾	Class A Common Stock	1,222	⁽¹⁰⁾	1,222	I	By Trust/Daughter 1⁽²⁾
Class B Common Stock	⁽¹⁰⁾	12/31/2020		G	V	1,222		⁽¹⁰⁾	⁽¹⁰⁾	Class A Common Stock	1,222	⁽¹⁰⁾	1,222	I	By Trust/Son⁽³⁾
Class B Common Stock	⁽¹⁰⁾	12/31/2020		G	V	1,222		⁽¹⁰⁾	⁽¹⁰⁾	Class A Common Stock	1,222	⁽¹⁰⁾	1,222	I	By Trust/Daughter 2⁽⁴⁾
Class B Common Stock	⁽¹⁰⁾	01/22/2021		P⁽¹¹⁾		667		⁽¹⁰⁾	⁽¹⁰⁾	Class A Common Stock	667	$15.1859	1,889	I	By Trust/Daughter 1⁽²⁾
Class B Common Stock	⁽¹⁰⁾	01/22/2021		P⁽¹¹⁾		667		⁽¹⁰⁾	⁽¹⁰⁾	Class A Common Stock	667	$15.1859	1,889	I	By Trust/Son⁽³⁾
Class B Common Stock	⁽¹⁰⁾	01/22/2021		P⁽¹¹⁾		667		⁽¹⁰⁾	⁽¹⁰⁾	Class A Common Stock	667	$15.1859	1,889	I	By Trust/Daughter 2⁽⁴⁾
Class B Common Stock	⁽¹⁰⁾	01/22/2021		P⁽¹²⁾		5,967		⁽¹⁰⁾	⁽¹⁰⁾	Class A Common Stock	5,967	$15.1859	7,856	I	By Trust/Daughter 1⁽²⁾
Class B Common Stock	⁽¹⁰⁾	01/22/2021		P⁽¹²⁾		5,967		⁽¹⁰⁾	⁽¹⁰⁾	Class A Common Stock	5,967	$15.1859	7,856	I	By Trust/Son⁽³⁾
Class B Common Stock	⁽¹⁰⁾	01/22/2021		P⁽¹²⁾		5,967		⁽¹⁰⁾	⁽¹⁰⁾	Class A Common Stock	5,967	$15.1859	7,856	I	By Trust/Daughter 2⁽⁴⁾
Class B Common Stock	⁽¹⁰⁾							⁽¹⁰⁾	⁽¹⁰⁾	Class A Common Stock	50,000		50,000	I	By Assoc I/Spouse⁽¹³⁾
Class B Common Stock	⁽¹⁰⁾							⁽¹⁰⁾	⁽¹⁰⁾	Class A Common Stock	84,474		84,474	I	By Assoc IV/Spouse⁽¹⁴⁾
Class B Common Stock	⁽¹⁰⁾							⁽¹⁰⁾	⁽¹⁰⁾	Class A Common Stock	9,430		9,430	I	By Trust/Daughter 1⁽¹⁵⁾
Class B Common Stock	⁽¹⁰⁾							⁽¹⁰⁾	⁽¹⁰⁾	Class A Common Stock	9,430		9,430	I	By Trust/Son⁽¹⁶⁾
Class B Common Stock	⁽¹⁰⁾							⁽¹⁰⁾	⁽¹⁰⁾	Class A Common Stock	9,430		9,430	I	By Trust/Daughter 2⁽¹⁷⁾
Class B Common Stock	$0⁽¹⁰⁾							⁽¹⁰⁾	⁽¹⁰⁾	Class A Common Stock	25		25	I	By GP⁽¹⁸⁾
Class B Common Stock	$0⁽¹⁰⁾							⁽¹⁰⁾	⁽¹⁰⁾	Class A Common Stock	20,312		20,312	I	By Assoc I⁽¹⁹⁾
Class B Common Stock	$0⁽¹⁰⁾							⁽¹⁰⁾	⁽¹⁰⁾	Class A Common Stock	582		582	I	By Assoc IV⁽²⁰⁾
Class B Common Stock	$0⁽¹⁰⁾							⁽¹⁰⁾	⁽¹⁰⁾	Class A Common Stock	97,312		97,312	I	By Trust⁽⁹⁾

Explanation of Responses:

1. BTR RAII -- The shares conveyed in this transaction are part of a group of shares conveyed in exchange for a promissory note 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. Reporting Person serves as trustee for BTR 2020 GST Trust f/b/o Chloe R. Seelbach.

3. Reporting Person serves as trustee for BTR 2020 GST Trust f/b/o Claiborne R. Rankin, Jr.

4. Reporting Person serves as trustee for BTR 2020 GST Trust f/b/o Julia R. Kuipers.

5. Represents the Reporting Person's spouse's proportionate limited partnership interest in shares held by Rankin Associates II, L.P .. Reporting Person disclaims beneficial ownership of all such shares.

6. Reporting Person's spouse serves as Trustee of a Trust for the benefit of Chloe O. Rankin. Reporting Person disclaims beneficial ownership of all such shares.

7. Represents the Reporting Person's proportionate limited partnership interests in shares held by Rankin Associates II, L.P.

8. Represents the Reporting Person's proportionate interest in shares held by Rankin Management, Inc. ("RMI").

9. Reporting Person serves as Trustee of a Trust for the benefit of Claiborne R. Rankin.

10. N/A

11. BTR RAI -- The shares conveyed in this transaction are part of a group of shares conveyed in exchange for a promissory note 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.

12. BTR RAIV -- The shares conveyed in this transaction are part of a group of shares conveyed in exchange for a promissory note 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.

13. Represents the Reporting Person's spouse's proportionate limited partnership interest in shares held by Rankin Associates I, L.P. Reporting Person disclaims beneficial ownership of all such shares.

14. Represents the Reporting Person's spouse's proportionate limited partnership interest in shares held by Rankin Associates IV, L.P. Reporting Person disclaims beneficial ownership of all such shares.

15. Reporting person serves as trustee of BTR 2012 GST Trust for the benefit of Chloe R. Seelbach.

16. Reporting person serves as trustee of BTR 2012 GST Trust for the benefit of Claiborne Rankin, Jr.

17. Reporting person serves as trustee of BTR 2012 GST Trust for the benefit of Julia R. Kuipers.

18. GP. Represents the Reporting Person's proportionate limited partnership interest in shares of Rankin Associates, IV, L.P. held by the Trust for the benefit of Reporting Person, as general partner.

19. Represents the Reporting Person's proportionate limited partnership interest in shares held by Rankin Associates I, L.P.

20. (RAIV) Represents the Reporting Person's proportionate limited partnership interest in shares held by 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).
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 Number.

Rankin Claiborne R Form 4NACCO INDUSTRIES / CLAIBORNE R RANKIN ownership change