SEC Form 4 · accession 0001209191-16-146986
LINCOLN ELECTRIC HOLDINGS INC · LECO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George D Blankenship
Officer — Ex.VP; Pres., Americas Welding
Period of report
Oct 25, 2016
Accepted (ET)
Oct 26, 2016 · 4:26 pm EDT
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 Shares | Oct 25, 2016 | M | 2,400 | $21.19 | A | 51,114 | D | |
| Common Shares | Oct 25, 2016 | M | 17,700 | $26.355 | A | 68,814 | D | |
| Common Shares | Oct 25, 2016 | M | 13,740 | $31.315 | A | 82,554 | D | |
| Common Shares | Oct 25, 2016 | M | 10,124 | $35.55 | A | 92,678 | D | |
| Common SharesF1 | Oct 25, 2016 | S | 43,964 | $64.7278 | D | 48,714 | D | |
| Common Shares | Oct 26, 2016 | M | 3,736 | $35.55 | A | 52,450 | D | |
| Common SharesF2 | Oct 26, 2016 | S | 3,736 | $64.75 | D | 48,714 | D | |
| Common Shares | holding | — | — | — | 5,806 | I | by 401(k) |
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)F3 | $21.19 | Oct 25, 2016 | M | 2,400 | D | — | Jul 31, 2019 | Common Shares | 2,400 | 0 | D |
| Employee Stock Option (Right to Buy)F4 | $26.355 | Oct 25, 2016 | M | 17,700 | D | — | Dec 1, 2019 | Common Shares | 17,700 | 0 | D |
| Employee Stock Option (Right to Buy)F5 | $31.315 | Oct 25, 2016 | M | 13,740 | D | — | Dec 1, 2020 | Common Shares | 13,740 | 0 | D |
| Employee Stock Option (Right to Buy)F6 | $35.55 | Oct 25, 2016 | M | 10,124 | D | — | Nov 2, 2021 | Common Shares | 10,124 | 3,736 | D |
| Employee Stock Option (Right to Buy)F6 | $35.55 | Oct 26, 2016 | M | 3,736 | D | — | Nov 2, 2021 | Common Shares | 3,736 | 0 | D |
Explanation of responses
- F1This 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.
- F22140 shares are held as Joint Tenants - George D. Blankenship and Karen Blankenship (spouse).
- F3The options became exercisable in three equal annual installments on July 31, 2010, July 31, 2011 and July 31, 2012.
- F4The options became exercisable in three annual installments on December 1, 2010, December 1, 2011,and December 1, 2012.
- F5The options became exercisable in three annual installments on December 1, 2011, December 1, 2012 and December 1, 2013.
- F6The options became exercisable in three annual installments on November 2, 2012, November 2, 2013 and November 2, 2014.