FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

STROPKI JOHN M 		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)
Chairman, President and CEO
(Last)          (First)          (Middle)

22801 ST. CLAIR AVENUE 		3. Date of Earliest Transaction (MM/DD/YYYY)

2/29/2012
(Street)

CLEVELAND, OH 44117-1199
(City)        (State)        (Zip)
4. 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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   2/29/2012     A    12000   A $11.73   183787   D    
Common Shares   3/1/2012     A    22000   A $11.73   205787   D    
Common Shares   2/29/2012     S    10400   D   (1) 195387   D    
Common Shares   3/1/2012     S    19700   D $46.5838   (2) 171788   (3) D    
Common Shares                  5000   I   by Spouse  
Common Shares                  221.997   (4) I   by Trust  
Common Shares                  12402.743   (5) I   401(k) Plan  
Common Shares                  80455.364   I   SPP  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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)   $11.73   2/29/2012     M         12000    11/20/2005   11/20/2012   Common Shares   12000   $11.73   52000   D    
Employee Stock Option (Right to Buy)   $11.73   3/1/2012     M         22000    11/20/2005   11/20/2012   Common Shares   22000   $11.73   30000   D    

Explanation of Responses:
( 1)  200 at $46.50;100 at $46.5003; 100 at $46.505; 100 at $46.51; 300 at $46.52; 300 at $46.53; 400 at $46.55; 100 at $46.555; 293 at $46.56; 873 at $46.57; 100 at $46.5713; 100 at $46.5715; 334 at $46.58; 1,100 at $46.59; 100 at $46.595; 700 at $46.60; 100 at $46.605; 3,200 at $46.655; 600 at $46.61; 700 at $46.66; 600 at $46.67.
( 2)  This transaction was executed in multiple trades at prices ranging from $46.50 to $46.735. 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.
( 3)  Total also includes 1,101 shares attributable to dividends earned on shares of restricted stock that were granted on November 29, 2006 and vested on November 29, 2011.
( 4)  Shares held by Elizabeth A. Stropki Trust.
( 5)  Held by trustee pursuant to The Lincoln Electric Company 401(k) plan. Holdings are reported on a unitized basis, which amount represents approximately 10,426.467 shares.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
STROPKI JOHN M
22801 ST. CLAIR AVENUE
CLEVELAND, OH 44117-1199 		X
Chairman, President and CEO

Signatures
/s/ Jennifer I. Ansberry, Jennifer I. Ansberry as Attorney-in-Fact for John M. Stropki, Jr. 3/2/2012
** 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 control number.
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