NACCO INDUSTRIES INC — Director's Dealing 2021

Jan 26, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NACCO INDUSTRIES INC (NC)
CIK: 0000789933
Period of Report: 2020-12-31

Reporting Person: RANKIN ALFRED M ET AL (Director, Chairman, Group Member)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-22	Class A Common Stock	S	21916	$15.1859	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-31	Class B Common Stock	$0	G	1222	Disposed		Class A Common Stock (1222)	Indirect
2020-12-31	Class B Common Stock	$0	G	1222	Disposed		Class A Common Stock (1222)	Indirect
2020-12-31	Class B Common Stock	$0	G	1221	Disposed		Class A Common Stock (1221)	Indirect
2020-12-31	Class B Common Stock	$0	G	1221	Disposed		Class A Common Stock (1221)	Indirect
2020-12-31	Class B Common Stock	$0	G	1221	Disposed		Class A Common Stock (1221)	Indirect
2020-12-31	Class B Common Stock	$0	G	1222	Disposed		Class A Common Stock (1222)	Indirect
2020-12-31	Class B Common Stock	$0	G	1222	Disposed		Class A Common Stock (1222)	Indirect
2020-12-31	Class B Common Stock	$0	G	1222	Disposed		Class A Common Stock (1222)	Indirect
2020-12-31	Class B Common Stock	$0	G	1222	Disposed		Class A Common Stock (1222)	Indirect
2020-12-31	Class B Common Stock	$0	G	1222	Disposed		Class A Common Stock (1222)	Indirect
2021-01-22	Class B Common Stock	$0	S	6677	Disposed		Class A Common Stock (6677)	Indirect
2021-01-22	Class B Common Stock	$	S	12322	Disposed		Class A Common Stock (12322)	Indirect
2021-01-22	Class B Common Stock	$0	S	59675	Disposed		Class A Common Stock (59675)	Indirect
2021-01-22	Class B Common Stock	$0	S	1404	Disposed		Class A Common Stock (1404)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	14160	Indirect
Class A Common Stock	1975	Indirect
Class A Common Stock	18625	Indirect
Class A Common Stock	9600	Indirect
Class A Common Stock	262174	Indirect
Class A Common Stock	14313	Indirect
Class A Common Stock	34936	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock	$		Class A Common Stock (134209)	134209	Indirect
Class B Common Stock	$		Class A Common Stock (25)	25	Indirect
Class B Common Stock	$		Class A Common Stock (9431)	9431	Indirect
Class B Common Stock	$		Class A Common Stock (9431)	9431	Indirect

Footnotes

F1: 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.

F2: Represents the proportionate limited partnership interest in shares held by Rankin Associates II, L.P., which is held in a trust for the benefit of Bruce T. Rankin. Reporting Person serves as the Trustee of the Trust. Reporting Person disclaims beneficial ownership of all such shares.

F3: Held in an Individual Retirement Account for the benefit of the Reporting Person.

F4: Represents the Reporting Person's proportionate limited partnership interest in shares of Rankin Associates II, L.P. held by Rankin Management, Inc. ("RMI"), as general partner.

F5: Reporting Person serves as Trustee of Trusts for the benefit of the Estate of Alfred M. Rankin. Reporting Person disclaims bene
ficial ownership of all such shares.

F6: Reporting Person serves as Trustee of Trusts for the benefit of each of grantor's grandchildren. Reporting Person disclaims beneficial ownership of all such shares.

F7: Reporting Person serves as Trustee of a Trust for the benefit of Alfred M. Rankin, Jr.

F8: Reporting Person serves as Trustee of a Trust for the benefit of Victoire G. Rankin. Reporting Person disclaims beneficial ownership of all such shares.

F9: N/A

F10: Represents the proportionate limited partnership interest in shares held by Rankin Associates I, L.P., which is held is a trust for the benefit of Bruce T. Rankin. Reporting Person serves as the Trustee of the Trust. Reporting Person disclaims beneficial ownership of all such shares.

F11: 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.

F12: AMR 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 $919,615.17 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.

F13: Represents the proportionate limited partnership interest in shares held by Rankin Associates I, L.P., which is held in a qualified annuity interest trust for the benefit of Reporting Person.

F14: 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.

F15: (BTR) Reporting Person serves as Trustee of brother's trust. The Trust includes proportionate limited partnership interest in shares held by Rankin Associates I, II and IV L.P. and Class A and B Common Stock; all of which are held in a Trust for the benefit of Reporting Person's brother, Bruce T. Rankin. Reporting Person disclaims beneficial ownership of all such shares.

F16: AMR 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 $104,771.62 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.

F17: Represents Reporting Person's proportionate limited partnership interest in shares held by Rankin Associates IV, L.P.

F18: Reporting person serves as trustee of BTR 2012 GST for the benefit of Clara Williams.

F19: Reporting person serves as trustee of BTR 2012 GST Trust for the benefit of Helen R. Butler.