SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
LINCOLN G RUSSELL
(Last) (First) (Middle)
11863 WIMBLEDON #445
(Street)
WELLINGTON FL 33414
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LINCOLN ELECTRIC HOLDINGS INC [ LECO ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/06/2011
4. If Amendment, Date of Original Filed (Month/Day/Year)
 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. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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
Common Shares 09/06/2011 M 4,000 A $11.4 353,806(1) D
Common Shares 09/08/2011 S 259 D $32 353,547 D
Common Shares 09/08/2011 S 400 D $31.89 353,147 D
Common Shares 09/08/2011 S 300 D $31.88 352,847 D
Common Shares 09/08/2011 S 100 D $31.8813 352,747 D
Common Shares 09/08/2011 S 100 D $31.8806 352,647 D
Common Shares 09/08/2011 S 100 D $31.8826 352,547 D
Common Shares 09/08/2011 S 100 D $31.8804 352,447 D
Common Shares 09/08/2011 S 100 D $31.8836 352,347 D
Common Shares 09/08/2011 S 100 D $31.8821 352,247 D
Common Shares 09/08/2011 S 100 D $31.8816 352,147 D
Common Shares 09/08/2011 S 100 D $31.8831 352,047 D
Common Shares 09/08/2011 S 100 D $31.8817 351,947 D
Common Shares 09/08/2011 S 100 D $31.93 351,847 D
Common Shares 09/08/2011 S 100 D $31.94 351,747 D
Common Shares 09/08/2011 S 100 D $31.95 351,647 D
Common Shares 09/08/2011 S 100 D $31.96 351,547 D
Common Shares 09/08/2011 S 100 D $31.9606 351,447 D
Common Shares 09/08/2011 S 100 D $31.9608 351,347 D
Common Shares 09/08/2011 S 100 D $31.97 351,247 D
Common Shares 09/08/2011 S 100 D $31.9702 351,147 D
Common Shares 09/08/2011 S 100 D $31.9703 351,047 D
Common Shares 09/08/2011 S 600 D $31.97 350,447 D
Common Shares 09/08/2011 S 641 D $31.77 349,806 D
Common Shares 12,318(2)(3) I(2) By Trust
Common Shares 35,154(4)(5) I(4) By Trust
Common Shares 1,028(6)(7) I(6) By Spouse
Common Shares 61,560(8)(9) I(8) By Trust
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 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: 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
Stock Option (Right to Buy) $11.4 09/06/2011 M 4,000(10) 11/30/2002 11/30/2011 Common Shares 4,000 $11.4 0 D
Explanation of Responses:
1. On May 31, 2011, the common stock of Lincoln Electric Holdings, Inc. split 2-for-1, resulting in the reporting person's ownership of 174,903 additional shares of common stock of which 7,012 are restricted shares.
2. G. Russell Lincoln, Trustee of the Samuel Powell Lincoln 1990 Trust and reporting person disclaims beneficial ownership.
3. On May 31, 2011, the common stock of Lincoln Electric Holdings, Inc. split 2-for-1, resulting in the reporting person's ownership of 6159 additional shares of common stock.
4. G. Russell Lincoln, Trustee of the Laura P. Heath Family Trust and reporting person disclaims beneficial ownership.
5. On May 31, 2011, the common stock of Lincoln Electric Holdings, Inc. split 2-for-1, resulting in the reporting person's ownership of 17,577 additional shares of common stock.
6. Reflects shares held by reporting person's spouse (Constance Lincoln) and reporting person disclaims beneficial ownership.
7. On May 31, 2011, the common stock of Lincoln Electric Holdings, Inc. split 2-for-1, resulting in the reporting person's ownership of 514 additional shares of common stock.
8. G. Russell Lincoln, Trustee of the G.R. Lincoln Family Foundation and reporting person disclaims beneficial ownership.
9. On May 31, 2011, the common stock of Lincoln Electric Holdings,Inc. split 2-for-1, resulting in the reporting person's ownership of 30,780 additional shares of common stock.
10. On May 31, 2011, the common stock of Lincoln Electric Holdings, Inc. split 2-for-1, resulting in the reporting person's ownership of 2,000 additional stock options.
Remarks:
/s/ Frederick G. Stueber,Frederick G. Stueber, as Attorney-in-Fact for G. Russell Lincoln 09/08/2011
** 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).
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