SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

SCHEDULE 13G/A

(Rule 13d-102)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO RULE 13d-2(b)

(Amendment No. 4)*

 

 

 

 

NATIONAL INTERSTATE CORPORATION

(Name of Issuer)

 

 

Common Shares, Par Value $ .01 Per Share

(Title of Class of Securities)

 

 

63654U 10 0

(CUSIP Number)

 

 

For the year ended December 31, 2007

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d - 1(b)

¨ Rule 13d - 1(c)

x Rule 13d - 1(d)

 

 

*	The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

---

CUSIP No. 63654U 10 0		13G/A		Page 2 of 5 Pages

1		NAMES OF REPORTING PERSONS               Alan R. Spachman
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  ¨ (b)  ¨             N/A
3		SEC USE ONLY
4		CITIZENSHIP OR PLACE OF ORGANIZATION               United States of America

NUMBER OF   SHARES   BENEFICIALLY   OWNED BY   EACH   REPORTING   PERSON   WITH		5    SOLE VOTING POWER               2,378,000
		6    SHARED VOTING POWER               0
		7    SOLE DISPOSITIVE POWER               2,378,000
		8    SHARED DISPOSITIVE POWER               0

9		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON               2,378,000
10		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES		¨
11		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9               10.9%
12		TYPE OF REPORTING PERSON               IN

 

2

---

CUSIP No. 63654U 10 0		13G/A		Page 3 of 5 Pages
		SCHEDULE 13G

Item 1

(a).

Name of Issuer:

National Interstate Corporation

Item 1

(b).

Address of Issuer’s Principal Executive Offices:

3250 Interstate Drive Richfield, Ohio 44286-9000

Item 2

(a).

Name of Person Filing:

Alan R. Spachman

Item 2

(b).

Address of Principal Business Office or, if none, Residence:

10 Pinckney Colony Road Building 300 Suite 320 Bluffton, SC 29910

Item 2

(c).

Citizenship:

United States of America

Item 2

(d).

Title of Class of Securities:

Common Shares, Par Value $ .01 Per Share

Item 2

(e).

CUSIP Number:

63654U 10 0

Item 3.

If this statement is filed pursuant to Rule 13d-1(b) or Rule 13d-2(b) or (c), check whether the person filing is a:

(a)

¨

Broker or dealer registered under Section 15 of the Act.

(b)

¨

Bank as defined in Section 3(a)(6) of the Act.

(c)

¨

Insurance company as defined in Section 3(a)(19) of the Act.

(d)

¨

Investment company registered under Section 8 of the Investment Company Act of 1940.

(e)

¨

An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).

(f)

¨

An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F).

(g)

¨

A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G).

(h)

¨

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.

(i)

¨

A church plant that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act.

(j)

¨

Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

 

3

---

CUSIP No. 63654U 10 0		13G/A		Page 4 of 5 Pages

 

Item 4.		Ownership:
		(a)		Amount beneficially owned:
				2,378,000
		(b)		Percent of class:
				10.9%
		(c)		Number of shares as to which such person has:
				(i)		Sole power to vote or to direct the vote:
						2,378,000
				(ii)		Shared power to vote or to direct the vote:
						0
				(iii)		Sole power to dispose or to direct the disposition of:
						2,378,000
				(iv)		Shared power to dispose or to direct the disposition of:
						0
Item 5.		Ownership of Five Percent or Less of a Class:
		Not Applicable.
Item 6.		Ownership of More than Five Percent on Behalf of Another Person:
		Not Applicable.
Item 7.		Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:
		Not Applicable.
Item 8.		Identification and Classification of Members of the Group:
		Not Applicable.
Item 9.		Notice of Dissolution of Group:
		Not Applicable.
Item 10.		Certifications:
		By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

4

---

CUSIP No. 63654U 10 0		13G/A		Page 5 of 5 Pages

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

5