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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* FARRELL GRETCHEN A (Last) (First) (Middle) 22801 ST. CLAIR AVENUE (Street) CLEVELAND OH 44117-1199 (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) Director 10% Owner X Officer (give title below) Other (specify below) Sr. VP., H. R. & Compliance
	3. Date of Earliest Transaction (Month/Day/Year) 11/01/2011
	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	11/01/2011		M		5,800	A	$19.965	19,699(1)	D
Common Shares	11/01/2011		M		5,106	A	$21.985	24,805	D
Common Shares	11/01/2011		S		5,800	D	(2)	19,005	D
Common Shares	11/01/2011		S		5,106	D	(3)	13,899	D
Common Shares	11/02/2011		A		2,770	A	$0.00(4)	16,669	D
Common Shares								7,349.152(5)	I	by 401(k)
Common Shares								6,426.766(6)	I	SPP
Common Shares								21.345	I	by son

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
Employee Stock Option (Right to Buy)	$19.965	11/01/2011		M			5,800	11/30/2008	11/30/2015	Common Shares	5,800	$19.965	0	D
Employee Stock Option (Right to Buy)	$21.985	11/01/2011		M			5,106	(7)	12/03/2018	Common Shares	5,106	$21.985	2,554	D
Employee Stock Option (Right to Buy)	$35.55	11/02/2011		A		8,630		(8)	11/02/2021	Common Shares	8,630	$0.00	8,630	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 6,050 additional shares of restricted stock. An additional 1,799 shares (pursuant to stock split) were deposited into the SPP and are reflected below in the amount in footnote 6. All other amounts and prices for equity awards issued prior to the stock split have also been adjusted.

2. 400 at $34.85; 600 at $34.88; 2582 at $34.77; 454 at $34.781; 300 at $34.771; 882 at $34.78; and 582 at $34.79.

3. 118 at $34.79; 883 at $34.80; 800 at $34.801; 937 at $34.81; 884 at $34.82; 585 at $34.83; 400 at $34.831; 99 at $34.84; and 400 at $34.85.

4. Pursuant to restricted stock unit award.

5. Held by trustee pursuant to The Lincoln Electric Company 401(k)plan. Holdings are reported on a unitized basis, which amount represents approximately 6,230.888 shares.

6. On May 31, 2011, the common stock of Lincoln Electric Holdings, Inc. split 2-for-1, resulting in the reporting person's ownership of 4002.157 additional shares of common stock.

7. Options for 2,553 shares became exercisable on December 3, 2009 and options for 2,553 shares became exercisable on December 3, 2010.

8. The options become exercisable in three equal annual installments on November 2, 2012, November 2, 2013 and November 2, 2014.

Remarks:

	/s/ Jennifer I. Ansberry, Jennifer I. Ansberry as Attorney-in-Fact for Gretchen A. Farrell	11/03/2011
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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