SEC FORM 4

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^*

STROPKI JOHN M

(Last)

(First)

(Middle)

22801 ST. CLAIR AVENUE

(Street)

CLEVELAND

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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive Chairman

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2013

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	03/05/2013		M		40,000	A	$17.715	220,832	D
Common Shares	03/05/2013		S		40,000	D	⁽¹⁾	180,832	D
Common Shares	03/05/2013		F		13,629	D	$56.15	168,201⁽²⁾	D
Common Shares	03/06/2013		M		20,000	A	$17.715	188,201	D
Common Shares	03/06/2013		S		10,400	D	⁽³⁾	177,801	D
Common Shares	03/07/2013		S		9,600	D	⁽⁴⁾	168,201	D
Common Shares								5,000	I	by Spouse
Common Shares								225.615⁽⁵⁾	I	by Trust
Common Shares								12,559.392⁽⁶⁾	I	401(k) Plan
Common Shares								82,526.584	I	SPP

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (Right to Buy)	$17.715	03/05/2013		M			40,000	11/30/2007	11/30/2014	Common Shares	40,000	$0.00	80,000	D
Employee Stock Option (Right to Buy)	$17.715	03/06/2013		M			20,000	11/30/2007	11/30/2014	Common Shares	20,000	$0.00	60,000	D

Explanation of Responses:

1. 9,500 sold at $55.80; 3,191 sold at $55.82; 5,000 sold at $55.85; 500 sold at $55.90; 2,000 sold at $55.93; 1,000, sold at $55.95; 6,642 sold at $56.00; 4,000 sold at $56.05; 6,809 sold at $56.06; 1,000 sold at $56.10; and 358 sold at $56.15.

2. Total also includes 998 additional shares attributable to dividends earned on shares of restricted stock that were granted on December 1, 2009 and vested on March 5, 2013.

3. 10,000 sold at $56.30; and 400 sold at $56.165.

4. 3,600 sold at $56.15; 1,000 sold at $56.184; and 5,000 sold at $56.164.

5. Shares held by Elizabeth A. Stropki Trust.

6. Held by trustee pursuant to The Lincoln Electric Company 401(k) plan. Holdings are reported on a unitized basis, which amount represents approximately 10,488.155 shares.

Remarks:

	/s/ Jennifer I. Ansberry, Jennifer I. Ansberry as Attorney-in-Fact for John M. Stropki, Jr.	03/07/2013
	** 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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