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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Lincoln Electric Co.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
533543104
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(Cusip Number)
Check the following if a fee is being paid with this statement ___. (A fee
is not required only if the filing person:
(1) has a previous statement on file reporting beneficial ownership of more
than five percent of the class of securities described in Item 1; and (2) has
filed no amendment subsequent thereto reporting beneficial ownership of
five percent or less of such class.) (See Rule 13d-7.)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
(Continued on the following page(s)
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|CUSIP NO. 533543104 | 13G |PAGE 2 OF 5 PAGES |
| -----------| | |
---------------------- -----------------------
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| 1 | NAME OF REPORTING PERSON |
| | |
| | S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON |
| | |
| | KeyCorp |
| | I.R.S. Employer Identification No. 14-1538208 |
|---|------------------------------------------------------------------------|
| 2 | CHECK THE APPROPRIATE BOX IF A |
| | MEMBER OF A GROUP* |
| | (a) [ ] |
| | |
| | Not Applicable (b) [ ] |
|---|------------------------------------------------------------------------|
| 3 | SEC USE ONLY |
| | |
| | |
|---|------------------------------------------------------------------------|
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | |
| | State of Ohio |
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| 5 | SOLE VOTING POWER 408,762 |
| | |
Number of |---|-------------------------------------------|
Shares | 6 | SHARED VOTING |
Beneficially | | POWER 172,003 |
Owned By |---|-------------------------------------------|
Each Reporting | 7 | SOLE DISPOSITIVE |
Person With | | POWER 246,377 |
|---|-------------------------------------------|
| 8 | SHARED DISPOSITIVE POWER 456,015 |
| | |
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| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH |
| | REPORTING PERSON |
| | 704,172 |
|-- |------------------------------------------------------------------------|
|-- | |
|10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) |
| | EXCLUDES CERTAIN SHARES* |
| | Not Applicable |
|---|------------------------------------------------------------------------|
| | PERCENT OF CLASS REPRESENTED BY |
|11 | AMOUNT IN ROW 9 |
| | 6.7% |
|---|----------------------------------------------------------------------- |
|12 | TYPE OF REPORTING PERSON* |
| | HC |
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EC 1745 (6-80) *SEE INSTRUCTIONS BEFORE FILING OUT
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
SCHEDULE 13G
Under the Securities and Exchange Act of 1934
(Amendment No. 2)
ITEM 1 (a). NAME OF ISSUER:
Lincoln Electric Co.
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ITEM 1 (b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
22801 St. Clair Avenue
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Cleveland, Ohio 44117
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ITEM 2 (a). NAME OF PERSON FILING:
KeyCorp
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ITEM 2 (b). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
127 Public Square
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Cleveland, Ohio 44114-1306
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ITEM 2 (c). PLACE OF ORGANIZATION:
State of Ohio
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ITEM 2 (d). TITLE OF CLASS OF SECURITIES:
Common Stock
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ITEM 2 (e). CUSIP NUMBER:
533543104
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ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR
13d - 2 (b), INDICATE TYPE OF PERSON FILING:
Person filing is a Parent Holding Company, in accordance with 240.13d -
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1(b)(ii)(G)
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ITEM 4. OWNERSHIP:
(a) Amount of beneficially owned: 704,172 shares
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(b) Percent of class: 6.7%
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(c) Number of shares as to which such person has:
(i)Sole power to vote or to direct the vote 408,762
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(ii)Shared power to vote or to direct the vote 172,003
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(iii)Sole power to dispose or to direct the
disposition of 246,377
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(iv)Shared power to dispose or to direct the
disposition of 456,015
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ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not Applicable
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ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Other persons are known to have the right to receive or the power to
direct the receipt of dividends or the proceeds from the sale of
these securities. Those persons whose interest relates to more than
five percent of the class are:
None
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ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARIES WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Identification: Key Trust Company of Ohio
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Classification: (B) Bank as defined by Section 3 (A)(6) of the
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Act.
----
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not Applicable
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ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not Applicable
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ITEM 10. CERTIFICATION
The undersigned expressly declares that the filing of the Schedule 13G shall
not be construed as an admission that the undersigned is, for purposes of
Section 13(d) and 13(g) of the Securities Exchange Act of 1934, the beneficial
owner of any securities covered by this Schedule 13G.
By signing below, I certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired for the purpose of and do not
have the effect of changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a participant in any
transaction having such purposes or effect.
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and
correct.
Date: February 14, 1996
KeyCorp
By:
R. B. Heisler Jr.,
Executive Vice President and Group Executive
Personal Financial Services
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