Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Allman Geoffrey P
2. Date of Event Requiring Statement (Month/Day/Year)
12/15/2014
3. Issuer Name and Ticker or Trading Symbol
LINCOLN ELECTRIC HOLDINGS INC [LECO]
(Last)
(First)
(Middle)
22801 SAINT CLAIR AVENUE
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Sr. V.P., Corporate Controller
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

CLEVELAND, OH 44117-1199
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Shares 3,699 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy)   (2) 12/01/2019 Common Shares 2,240 $ 26.355 D  
Employee Stock Option (Right to Buy)   (3) 12/01/2020 Common Shares 1,960 $ 31.315 D  
Employee Stock Option (Right to Buy)   (4) 11/02/2021 Common Shares 2,080 $ 35.55 D  
Employee Stock Option (Right to Buy)   (5) 07/26/2022 Common Shares 1,000 $ 42.9 D  
Employee Stock Option (Right to Buy)   (6) 12/13/2022 Common Shares 4,270 $ 47.91 D  
Employee Stock Option (Right to Buy)   (7) 12/16/2023 Common Shares 2,300 $ 71.3 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Allman Geoffrey P
22801 SAINT CLAIR AVENUE
CLEVELAND, OH 44117-1199
      Sr. V.P., Corporate Controller  

Signatures

/s/ Geoffrey P. Allman 12/19/2014
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) 2,610 shares represent restricted stock units.
(2) The options become exercisable in three annual installments on December 1, 2010, December 1,2011, and December 1, 2012.
(3) The options become exercisable in three annual installments on December 1, 2011, December 1, 2012, and December 1, 2013.
(4) The options become exercisable in three annual installments on November 2, 2012, November 2, 2013, and November 2, 2014.
(5) The options become exercisable in three annual installments on July 26, 2013, July 26, 2014, and July 26, 2015.
(6) The options become exercisable in three annual installments on December 13, 2013, December 13, 2014, and December 13, 2015.
(7) The options become exercisable in three annual installments on December 16, 2014, December 16, 2015, and December 16, 2016.

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