If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: [ ]

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 240.13d-7 for other parties to whom copies are to be sent.

* 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 disclosures provided in a prior cover page.

The information required on 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. 883435307
1	NAME OF REPORTING PERSON John P. Pecora
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ]
3	SEC USE ONLY
4	SOURCE OF FUNDS (See Instructions) PF
5	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
6	CITIZENSHIP OR PLACE OF ORGANIZATION United States of America
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER 1,119,622
		8	SHARED VOTING POWER -0-
		9	SOLE DISPOSITIVE POWER 1,119,622
		10	SHARED DISPOSITIVE POWER -0-
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,119,622
12	CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ]
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.3%1
14	TYPE OF REPORTING PERSON (See Instructions) IN

¹Based upon 13,537,019 shares outstanding as of July 24, 2009, as reported in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on July 29, 2009.

This Amendment No. 1 (the "Amendment") amends and supplements the Schedule 13D originally filed with the Securities and Exchange Commission (the "Commission") on April 10, 2009 (the "Schedule 13D"), by John P. Pecora (the "Reporting Person"), relating to the shares of common stock, par value $0.01 per share (the "Common Shares"), of Thermadyne Holdings Corporation, a Delaware corporation (the "Issuer").

This Amendment amends and restates Items 5(a), (b) and (c) of the Schedule 13D in its entirety as set forth below:

(a), (b) Based upon the Issuer’s quarterly report on Form 10-Q filed with the Commission on July 29, 2009, there were 13,537,019 Common Shares issued and outstanding as of July 24, 2009. The 1,119,622 Common Shares beneficially owned by the Reporting Person as of the date hereof represent approximately 8.3% of the outstanding Common Shares as of July 24, 2009. The Reporting Person has the sole power to vote or to direct the vote of and the sole power to dispose or direct the disposition of all of the Common Shares of which he is the beneficial owner.

(c) Attached as Schedule 1 hereto, which Schedule is incorporated herein by reference, is a list of transactions in the Common Shares effected by the Reporting Person during the 60 days prior to the date of this Amendment.

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.

Transactions by the Reporting Person in Common Shares During the Prior Sixty Days

Date	Number of Common Shares Purchased/Sold (#)	Price Per Common Share ($)	Nature of Transaction
6/22/2009	12,143	3.43	Open Market Purchase
6/23/2009	2,915	3.43	Open Market Purchase
6/25/2009	1,042	3.50	Open Market Purchase
6/26/2009	40,000	3.09	Open Market Sale
6/29/2009	10,000	3.28	Open Market Purchase
7/1/2009	8,000	4.01	Open Market Sale
7/10/2009	7,234	3.47	Open Market Purchase
7/13/2009	3,175	3.39	Open Market Purchase
7/14/2009	6,100	3.44	Open Market Purchase
7/15/2009	1,391	3.80	Open Market Purchase
7/16/2009	8,000	3.47	Open Market Purchase
7/17/2009	300	3.25	Open Market Sale
7/17/2009	10,000	3.30	Open Market Purchase
7/22/2009	700	3.97	Open Market Sale
7/23/2009	2,400	3.94	Open Market Purchase
8/4/2009	11,700	4.64	Open Market Sale
8/14/2009	15,000	4.77	Open Market Purchase
8/21/2009	54,922	4.60	Open Market Purchase