Lincoln Electric (LECO) Form 4 LINCOLN ELECTRIC / GEORGE D BLANKENSHIP 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

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^*

BLANKENSHIP GEORGE D

(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)
Ex.VP; Pres., Americas Welding

3. Date of Earliest Transaction (Month/Day/Year)
10/25/2016

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	10/25/2016		M		2,400	A	$21.19	51,114	D
Common Shares	10/25/2016		M		17,700	A	$26.355	68,814	D
Common Shares	10/25/2016		M		13,740	A	$31.315	82,554	D
Common Shares	10/25/2016		M		10,124	A	$35.55	92,678	D
Common Shares	10/25/2016		S		43,964	D	$64.7278(1)	48,714	D
Common Shares	10/26/2016		M		3,736	A	$35.55	52,450	D
Common Shares	10/26/2016		S		3,736	D	$64.75	48,714(2)	D
Common Shares								5,806.386	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)	$21.19	10/25/2016		M			2,400	(3)	07/31/2019	Common Shares	2,400	$0.00	0	D
Employee Stock Option (Right to Buy)	$26.355	10/25/2016		M			17,700	(4)	12/01/2019	Common Shares	17,700	$0.00	0	D
Employee Stock Option (Right to Buy)	$31.315	10/25/2016		M			13,740	(5)	12/01/2020	Common Shares	13,740	$0.00	0	D
Employee Stock Option (Right to Buy)	$35.55	10/25/2016		M			10,124	(6)	11/02/2021	Common Shares	10,124	$0.00	3,736	D
Employee Stock Option (Right to Buy)	$35.55	10/26/2016		M			3,736	(6)	11/02/2021	Common Shares	3,736	$0.00	0	D

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $64.47 to $65.01. 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. 2140 shares are held as Joint Tenants - George D. Blankenship and Karen Blankenship (spouse).

3. The options became exercisable in three equal annual installments on July 31, 2010, July 31, 2011 and July 31, 2012.

4. The options became exercisable in three annual installments on December 1, 2010, December 1, 2011,and December 1, 2012.

5. The options became exercisable in three annual installments on December 1, 2011, December 1, 2012 and December 1, 2013.

6. The options became exercisable in three 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 George D. Blankenship	10/26/2016
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.