Statement of Changes in Beneficial Ownership (4)
26 April 2022 - 05:29PM
Edgar (US Regulatory)
FORM 4
[X] 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 OF SECURITIES
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OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
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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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1. Name
and Address of Reporting Person * ARZAC ENRIQUE
R |
2. Issuer Name and Ticker or Trading
Symbol ADAMS NATURAL RESOURCES FUND, INC. [ PEO
] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)__X__
Director _____
10% Owner
_____ Officer (give title
below) _____ Other
(specify below)
|
(Last)
(First)
(Middle)
ADAMS FUNDS, 500 EAST PRATT STREET, SUITE 1300 |
3. Date of Earliest Transaction (MM/DD/YYYY)
4/21/2022
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(Street)
BALTIMORE, MD 21202
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
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. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. 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 |
Common Stock |
4/21/2022 |
|
A |
V |
43.83 (1) |
A |
$0 |
7421.72 (2) |
D |
|
Common Stock |
4/21/2022 |
|
J |
V |
42.684 (3) |
A |
$0 |
43.41 |
I |
By Trust (4) |
Common Stock |
4/21/2022 |
|
A |
V |
566 (5)(6) |
A |
$21.96 |
4261.41 (2) |
I |
By Trust (4) |
Common Stock |
|
|
|
|
|
|
|
8428 |
I |
By Trust (4) |
Common Stock |
|
|
|
|
|
|
|
3025 |
I |
Indirect/Other |
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. 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 |
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 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 |
Explanation of
Responses: |
(1) |
These shares accrued as
dividend equivalents on deferred stock units (shares received in
lieu of director retainer fees). The Issuer's stock traded in a
range of $16.52 - $22.36 during 2022. |
(2) |
Dr. Arzac's cumulative
beneficial ownership reflects the exempt transactions reported
herein and also certain changes in direct and indirect ownership
balances resulting from transfers among accounts. |
(3) |
This fractional share was
acquired in exempt transactions as a result of dividend
reinvestment. The Issuer's stock traded in a range of $16.52 -
$22.36 during 2022. |
(4) |
By the Enrique R. Arzac TTEE
The Enrique R. Arzac TR UA DTD 12/28/2012 Trust. |
(5) |
Of these shares, 359 shares
accrued as dividend equivalents on 400 restricted stock units,
which were granted in 2007 and deferred until retirement on
04/21/2022. Another 207 shares accrued as dividend equivalents on
400 restricted stock units, which were granted in 2013 and deferred
until retirement on 04/21/2022. The Issuer's stock average trading
price on 04/21/2022 was $21.96. |
(6) |
A fractional share in the
amount of 0.02 was issued as part of DSUs (granted in lieu of a
2007 deferred cash retainer) & DE shares earned. An additional
fractional share in the amount of 0.26 was issued as part of DSUs
(granted in lieu of a 2013 deferred cash retainer) & DE shares
earned. The fractional shares were surrendered as non-transferrable
to a registered account. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
ARZAC ENRIQUE R
ADAMS FUNDS
500 EAST PRATT STREET, SUITE 1300
BALTIMORE, MD 21202 |
X |
|
|
|
Signatures
|
Gail L. Valenti as Attorney-in-Fact for Enrique
R. Arzac |
|
4/26/2022 |
**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 control number. |
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