David J Nangle Form 4 LINCOLN ELECTRIC / David J Nangle ownership change

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^*

Nangle David J

(Last) (First) (Middle)

22801 SAINT CLAIR AVENUE

(Street)

CLEVELAND OH 44117

(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)
SVP.; Pres.Harris Products Gr.

3. Date of Earliest Transaction (Month/Day/Year)
12/01/2016

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	12/01/2016		M		1,770	A	$35.55	8,313	D
Common Shares	12/01/2016		M		3,560	A	$47.91	11,873	D
Common Shares	12/01/2016		M		2,873	A	$71.3	14,746	D
Common Shares	12/01/2016		M		1,488	A	$69.67	16,234	D
Common Shares	12/01/2016		S		9,691	D	$80.0531(1)	6,543	D
Common Shares								9,022.708	I	by 401(k)

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)	$35.55	12/01/2016		M			1,770	(2)	11/02/2021	Commons Shares	1,770	$0.00	0	D
Employee Stock Option (Right to Buy)	$47.91	12/01/2016		M			3,560	(3)	12/13/2022	Common Shares	3,560	$0.00	0	D
Employee Stock Option (Right to Buy)	$71.3	12/01/2016		M			2,873	(4)	12/16/2023	Common Shares	2,873	$0.00	1,437	D
Employee Stock Option (Right to Buy)	$69.67	12/01/2016		M			1,488	(5)	02/05/2025	Common Shares	1,488	$0.00	2,977	D

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $80.00 to $80.2150. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

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

3. The options vest in three equal annual installments on December 13, 2013, December 13, 2014 and December 13, 2015.

4. The options vest in three equal annual installments on December 16, 2014, December 16, 2015 and December 16, 2016.

5. The options vest in three equal annual installments on February 5, 2016, February 5, 2017 and February 5, 2018.

Remarks:

	/s/ Jennifer I. Ansberry, Jennifer I. Ansberry as Attorney-in-Fact for David J. Nangle	12/05/2016
	** 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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