FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN 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

OMB APPROVAL OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response... 0.5

(Print or Type Responses)

1. Name and Address of Reporting Person * STROPKI JOHN M   2. Issuer Name and Ticker or Trading Symbol LINCOLN ELECTRIC HOLDINGS INC [LECO] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chairman, President and CEO (Last) (First) (Middle) 22801 ST. CLAIR AVENUE 3. Date of Earliest Transaction (Month/Day/Year) 05/03/2007 (Street) CLEVELAND, OH 44117-1199 4. If Amendment, Date Original Filed(Month/Day/Year) 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 Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Shares 05/03/2007   M   10,000 A $ 13.5 0 D   Common Shares 05/03/2007   S   800 D $ 67 0 D   Common Shares 05/04/2007   S   9,200 D (1) 0 D   Common Shares 05/04/2007   M   20,000 A $ 13.5 0 D   Common Shares 05/04/2007   S   20,000 D (2) 21,428 D   Common Shares               100 (3) I by Trust Common Shares               11,624.274 (4) I 401(k) Plan Common Shares               28,044.91 I SPP

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Option (Right to Buy)

$ 13.5

05/03/2007

M

10,000

10/11/2001

10/11/2010

Common Shares

10,000

$ 13.5

60,000

D

Employee Stock Option (Right to Buy)

$ 13.5

05/04/2007

M

20,000

(5)

10/11/2010

Common Shares

20,000

$ 13.5

40,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
STROPKI JOHN M 22801 ST. CLAIR AVENUE CLEVELAND, OH 44117-1199	X		Chairman, President and CEO

Signatures

/s/ John M. Stropki, Jr.		05/07/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(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)	1,000 shares sold at $67.13, 1,000 sold at $67.10, 2,000 shares sold at $67.06, 1,000 shares sold at $67.02, 1,073 shares sold at $67.16, 327 shares sold at $67.17, 500 shares sold at $67.15, 100 shares sold at $67.20, 1,000 shares sold at $67.07, and 1,200 shares sold at $67.00.
(2)	6,675 shares sold at $67.70, 372 shares sold at $67.80, 8,428 shares sold at $67.75, 300 shares sold at $67.76, 2,200 shares sold at $67.77, 400 shares sold at $67.75, 1,125 shares sold at $67.63, and 500 shares sold at $67.64.
(3)	Shares held by Elizabeth A. Stropki Trust.
(4)	Held by Trustee pursuant to The Lincoln Electric Company 401(k) plan. Holdings are reported by the plan on a unitized basis, which units represent approximately 4,841.565 shares.
(5)	Options for 13,333 shares became exercisable on October 11, 2001 and the remaining portion of the option for 6,667 shares became exerciable on October 11, 2002.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.