SEC Form 4 · accession 0001209191-16-100420
LINCOLN ELECTRIC HOLDINGS INC · LECO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven B Hedlund
Officer — SVP. Strategy & Bus. Dev.
Period of report
Feb 17, 2016
Accepted (ET)
Feb 19, 2016 · 2:43 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000059527
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1,F2 | Feb 17, 2016 | A | 1,840 | $0.00 | A | 22,822 | D | |
| Common SharesF3 | holding | — | — | — | 2,549 | I | by 401(k) | |
| Common Shares | holding | — | — | — | 98 | I | by SPP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F4 | $58.14 | Feb 17, 2016 | A | 8,235 | A | — | Feb 17, 2026 | Common Shares | 8,235 | 8,235 | D |
Explanation of responses
- F1Pursuant to restricted stock unit award.
- F2Total includes 90.921 additional shares since the reporting person's last report attributable to a broker-sponsored dividend reinvestment plan.
- F3Held by trustee pursuant to The Lincoln Electric Company 401(k) plan. Holdings are reported on a unitized basis, which amount represents approximately 2,127.154 shares.
- F4The options become exercisable in three equal annual installments on February 17, 2017, February 17, 2018 and February 17, 2019.