- Initial Statement of Beneficial Ownership (3)

FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0104 Expires: November 30, 2011 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^*

Bruno Gabriel

2. Date of Event Requiring Statement (MM/DD/YYYY) 9/8/2011

3. Issuer Name and Ticker or Trading Symbol

LINCOLN ELECTRIC HOLDINGS INC [LECO]

(Last) (First) (Middle)

22801 ST. CLAIR AVENUE

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director _____ 10% Owner
___ X ___ Officer (give title below) _____ Other (specify below)
V.P., Corporate Controller /

(Street)

CLEVELAND, OH 44117-1199

(City) (State) (Zip)

5. If Amendment, Date Original Filed (MM/DD/YYYY)

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 Beneficially Owned
1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	10050 ⁽¹⁾	D
Common Shares	2590.282 ⁽²⁾	I	by 401(k)

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 4)	2. Date Exercisable and Expiration Date (MM/DD/YYYY)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivate Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option (Right to Buy)	11/30/2008	11/30/2015	Common Shares	6200	$19.965	D
Employee Stock Option (Right to Buy)	11/29/2009	11/29/2016	Common Shares	4100	$30.255	D
Employee Stock Option (Right to Buy)	11/28/2010	11/28/2017	Common Shares	5340	$34.255	D
Employee Stock Option (Right to Buy)	⁽³⁾	12/3/2018	Common Shares	5580	$21.985	D
Employee Stock Option (Right to Buy)	⁽⁴⁾	12/1/2019	Common Shares	6680	$26.355	D
Employee Stock Option (Right to Buy)	⁽⁵⁾	12/1/2020	Common Shares	5580	$31.315	D

Explanation of Responses:
( 1)	7,940 shares represents restricted stock.
( 2)	Held by Trustee pursuant to The Lincoln Electric Company 401(k) plan. Holdings are reported on a unitized basis, which amount represents approximately 2,210.851 shares.
( 3)	The options become exercisable in three annual installments on December 3, 2009; December 3, 2010 and December 3, 2011.
( 4)	The options become exercisable in three annual installments on December 1, 2010, December 1, 2011 and December 1, 2012.
( 5)	The options become exercisable in three annual installments on December 1, 2011, December 1, 2012 and December 1, 2013.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Bruno Gabriel 22801 ST. CLAIR AVENUE CLEVELAND, OH 44117-1199			V.P., Corporate Controller

Signatures
/s/ Gabriel Bruno		9/19/2011
^** 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 5(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 control number.