SEC Form 4 · accession 0001209191-16-153354
LINCOLN ELECTRIC HOLDINGS INC · LECO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven B Hedlund
Officer — SVP., Pres, Global Automation
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 SharesF1 | Dec 1, 2016 | M | 5,580 | $31.315 | A | 28,471 | D | |
| Common SharesF2 | Dec 1, 2016 | S | 5,580 | $79.6864 | D | 22,891 | D | |
| Common Shares | holding | — | — | — | 2,138 | I | by 401(k) | |
| Common Shares | holding | — | — | — | 159 | 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)F3 | $31.315 | Dec 1, 2016 | M | 5,580 | D | — | Dec 1, 2020 | Common Shares | 5,580 | 0 | D |
Explanation of responses
- F1Total includes 69.602 additional shares since the reporting person's last report attributable to a broker-sponsored dividend reinvestment plan.
- F2This transaction was executed in multiple trades at prices ranging from $79.59 to $80.00. The report 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 share and prices at which the transaction was effected.
- F3The options become exercisable in three equal annual installments on December 1, 2011, December 1, 2012 and December 1, 2013.