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 CORBIN

(Last) (First) (Middle)
NACCO INDUSTRIES, INC.
5875 LANDERBROOK DRIVE, STE. 220

(Street)
MAYFIELD HEIGHTS OH 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)
Code V Amount (A) or (D) Price
Class A Common Stock 01/22/2021 P(1) 2,192 A $15.1859 2,192 I By Trust/Son 2(2)
Class A Common Stock 01/22/2021 P(1) 2,192 A $15.1859 2,192 I By Trust/Son 1(3)
Class A Common Stock 01/22/2021 P(1) 2,192 A $15.1859 2,192 I By Trust/Son 3(4)
Class A Common Stock 3,622 D
Class A Common Stock 1,843 I By Assoc II(5)
Class A Common Stock 7 I By Spouse(6)
Class A Common Stock 31,669 I By Assoc II/Spouse(7)
Class A Common Stock 1,975 I By RMI/Spouse(8)
Class A Common Stock 165 I By Spouse/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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Common Stock (10) 12/31/2020 G V 1,221 (10) (10) Class A Common Stock 1,221 (10) 1,221 I By Trust/Son 2(2)
Class B Common Stock (10) 12/31/2020 G V 1,221 (10) (10) Class A Common Stock 1,221 (10) 1,221 I By Trust/Son 1(3)
Class B Common Stock (10) 12/31/2020 G V 1,221 (10) (10) Class A Common Stock 1,221 (10) 1,221 I By Trust/Son 3(4)
Class B Common Stock (10) 01/22/2021 P(11) 668 (10) (10) Class A Common Stock 668 $15.1859 1,889 I By Trust/Son 2(2)
Class B Common Stock (10) 01/22/2021 P(11) 668 (10) (10) Class A Common Stock 668 $15.1859 1,889 I By Trust/Son 1(3)
Class B Common Stock (10) 01/22/2021 P(11) 668 (10) (10) Class A Common Stock 668 $15.1859 1,889 I By Trust/Son 3(4)
Class B Common Stock (10) 01/22/2021 P(12) 5,968 (10) (10) Class A Common Stock 5,968 $15.1859 7,857 I By Trust/Son 2(2)
Class B Common Stock (10) 01/22/2021 P(12) 5,968 (10) (10) Class A Common Stock 5,968 $15.1859 7,857 I By Trust/Son 1(3)
Class B Common Stock (10) 01/22/2021 P(12) 5,968 (10) (10) Class A Common Stock 5,968 $15.1859 7,857 I By Trust/Son 3(4)
Class B Common Stock (10) (10) (10) Class A Common Stock 9,430 9,430 I By Trust/Son 2(13)
Class B Common Stock (10) (10) (10) Class A Common Stock 9,430 9,430 I By Trust/Son 1(14)
Class B Common Stock (10) (10) (10) Class A Common Stock 9,430 9,430 I By Trust/Son 3(15)
Class B Common Stock (10) (10) (10) Class A Common Stock 20,000 20,000 I By Assoc I(16)
Class B Common Stock (10) (10) (10) Class A Common Stock 85,056 85,056 I By Assoc IV(17)
Class B Common Stock $0(10) (10) (10) Class A Common Stock 25 25 I By Spouse (GP)(18)
Class B Common Stock $0(10) (10) (10) Class A Common Stock 35,312 35,312 I By Assoc I/Spouse(19)
Class B Common Stock $0(10) (10) (10) Class A Common Stock 145,793 145,793 I By Trust/Spouse(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's spouse serves as trustee for BTR 2020 GST Trust f/b/o James T. Rankin. Reporting Person disclaims beneficial ownership of all such shares.
3. Reporting Person's spouse serves as trustee for BTR 2020 GST Trust f/b/o Matthew M. Rankin. Reporting Person disclaims beneficial ownership of all such shares.
4. Reporting Person's spouse serves as trustee for BTR 2020 GST Trust f/b/o Thomas Parker Rankin. Reporting Person disclaims beneficial ownership of all such shares.
5. Represents the Reporting Person's proportionate limited partnership interests in shares held by Rankin Associates II, L.P.
6. By Spouse. Reporting Person disclaims beneficial ownership of all such shares.
7. 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.
8. Represents the Reporting Person's spouse's proportionate interest in shares held by Rankin Management, Inc. ("RMI). Reporting Person disclaims beneficial ownership of all such shares.
9. Reporting Person's spouse serves as Trustee of a Trust for the benefit of Thomas T. Rankin. Reporting Person disclaims benefici al ownership of all such shares.
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. Reporting person's spouse serves as trustee of BTR 2012 GST Trust for the benefit of James Rankin.
14. Reporting person's spouse serves as trustee of BTR 2012 GST for Matthew Rankin.
15. Reporting person's spouse serves as trustee of BTR 2012 GST Trust for the benefit of Thomas P Rankin.
16. Represents the Reporting Person's proportionate limited partnership interest in shares held by Rankin Associates I, L.P.
17. Represents the Reporting Person's proportionate limited partnership interest in shares held by Rankin Associates IV, L.P.
18. GP. Represents Reporting Person's spouse's proportionate limited partnership interest in shares of Rankin Associates IV, L.P. held by the Trust for the benefit of Reporting Person's spouse, as general partner. Reporting Person disclaims beneficial ownership of all such shares.
19. 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.
/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.