Statement of Changes in Beneficial Ownership (4)
August 14 2020 - 5:03PM
Edgar (US Regulatory)
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 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Lance Douglas S |
2. Issuer Name and Ticker or Trading Symbol
LINCOLN ELECTRIC HOLDINGS INC
[
LECO
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) SVP, President, Cleveland Ops. |
(Last)
(First)
(Middle)
22801 SAINT CLAIR AVENUE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
8/12/2020 |
(Street)
CLEVELAND, OH 44117
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Shares | 8/12/2020 | | S | | 2734.8521 | D | $98.21 (1) | 6799.9998 (2) | D | |
Common Shares | | | | | | | | 3709.542 | I | by 401(k) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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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 |
Deferred Shares | (3) | 8/13/2020 | | I | | | 3230.8649 (2) | (3) | (3) | Common Shares | 3230.8649 (2) | $97.39 | 0 | D | |
Explanation of Responses: |
(1) | This transaction was executed in multiple trades at prices ranging from $98.13 to $98.32. 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 deferred shares reported on Table II were previously earned under Issuer equity awards and previously reported in the Reporting Person's direct common shares holdings on Table I. |
(3) | A deferred share is the economic equivalent of one Issuer common share. Deferred shares are payable in Issuer common shares pursuant to the Reporting Person's deferral election, but the Reporting Person may be authorized to transfer deferred shares into alternative investments, under the Issuer's 2005 Deferred Compensation Plan for Executives. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Lance Douglas S 22801 SAINT CLAIR AVENUE CLEVELAND, OH 44117 |
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| SVP, President, Cleveland Ops. |
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Signatures
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/s/ Susan K. Prewitt, Attorney-in-Fact | | 8/14/2020 |
**Signature of Reporting Person | Date |
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