Sec Form 4 Filing - RANKIN BRUCE T @ NACCO INDUSTRIES INC - 2020-12-31

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

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person RANKIN BRUCE T 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 (Last) (First) (Middle) NACCO INDUSTRIES, INC., 5875 LANDERBROOK DRIVE, STE. 220 3. Date of Earliest Transaction (MM/DD/YY) 12/31/2020 (Street) MAYFIELD HEIGHTS, OH44124 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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 ( 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 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other RANKIN BRUCE T NACCO INDUSTRIES, INC. 5875 LANDERBROOK DRIVE, STE. 220 MAYFIELD HEIGHTS, OH44124 Member of a group Signatures /s/ Matthew J. Dilluvio, attorney-in-fact 01/26/2021 Signature of Reporting Person Date

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.

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