LINCOLN ELEC HLDGS INC

Ticker: LECO CUSIP: 533900106 Class: COM

MERITAGE PORTFOLIO MANAGEMENT's Holding History (CIK: 0000881432)

Note: Option positions (PUT/CALL) are excluded.

Q3 2014

Shares 66,175 Value ($000) $4,575 Avg Close $69.60 Range $65.44 - $73.75

Q2 2014

Shares 67,890 Value ($000) $4,744 Avg Close $67.81 Range $63.23 - $72.88

Q1 2014

Shares 66,915 Value ($000) $4,819 Avg Close $71.70 Range $66.68 - $76.26

Q4 2013

Shares 65,910 Value ($000) $4,702 Avg Close $70.23 Range $65.45 - $74.57

Q3 2013

Shares 68,945 Value ($000) $4,593 Avg Close $62.74 Range $56.75 - $69.35

Q2 2013

Shares 66,830 Value ($000) $3,827 Avg Close $55.81 Range $49.94 - $60.58

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	66,175	$4,575	$69.60	$65.44 - $73.75
Q2 2014	67,890	$4,744	$67.81	$63.23 - $72.88
Q1 2014	66,915	$4,819	$71.70	$66.68 - $76.26
Q4 2013	65,910	$4,702	$70.23	$65.45 - $74.57
Q3 2013	68,945	$4,593	$62.74	$56.75 - $69.35
Q2 2013	66,830	$3,827	$55.81	$49.94 - $60.58