SEC Form 4 · accession 0001209191-16-153352
LINCOLN ELECTRIC HOLDINGS INC · LECO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David J Nangle
Officer — SVP.; Pres.Harris Products Gr.
Period of report
Dec 1, 2016
Accepted (ET)
Dec 5, 2016 · 4:23 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 Shares | Dec 1, 2016 | M | 1,770 | $35.55 | A | 8,313 | D | |
| Common Shares | Dec 1, 2016 | M | 3,560 | $47.91 | A | 11,873 | D | |
| Common Shares | Dec 1, 2016 | M | 2,873 | $71.30 | A | 14,746 | D | |
| Common Shares | Dec 1, 2016 | M | 1,488 | $69.67 | A | 16,234 | D | |
| Common SharesF1 | Dec 1, 2016 | S | 9,691 | $80.0531 | D | 6,543 | D | |
| Common Shares | holding | — | — | — | 9,023 | 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)F2 | $35.55 | Dec 1, 2016 | M | 1,770 | D | — | Nov 2, 2021 | Commons Shares | 1,770 | 0 | D |
| Employee Stock Option (Right to Buy)F3 | $47.91 | Dec 1, 2016 | M | 3,560 | D | — | Dec 13, 2022 | Common Shares | 3,560 | 0 | D |
| Employee Stock Option (Right to Buy)F4 | $71.30 | Dec 1, 2016 | M | 2,873 | D | — | Dec 16, 2023 | Common Shares | 2,873 | 1,437 | D |
| Employee Stock Option (Right to Buy)F5 | $69.67 | Dec 1, 2016 | M | 1,488 | D | — | Feb 5, 2025 | Common Shares | 1,488 | 2,977 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $80.00 to $80.2150. 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.
- F2The options vest in three equal annual installments on November 2, 2012, November 2, 2013 and November 2, 2014.
- F3The options vest in three equal annual installments on December 13, 2013, December 13, 2014 and December 13, 2015.
- F4The options vest in three equal annual installments on December 16, 2014, December 16, 2015 and December 16, 2016.
- F5The options vest in three equal annual installments on February 5, 2016, February 5, 2017 and February 5, 2018.