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

OMB APPROVAL OMB Number: 3235-0104 Expires: January 31, 2005 Estimated average burden hours per response... 0.5

(Print or Type Responses)

1. Name and Address of Reporting Person *   GAPONTSEV DENIS 2. Date of Event Requiring Statement (Month/Day/Year) 12/12/2006 3. Issuer Name and Ticker or Trading Symbol IPG PHOTONICS CORP [IPGP] (Last) (First) (Middle) C/O IPG PHOTONICS CORPORATION, 50 OLD WEBSTER ROAD 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Vice President 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) OXFORD, MA 01540 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 Stock 1,666,666 D Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
	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.

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 Options (right to buy)	  (1)	06/10/2013	Common Stock	4,846	$ 1.5	D	Â
Employee Stock Options (right to buy)	  (2)	03/03/2014	Common Stock	16,667	$ 1.5	D	Â
Employee Stock Options (right to buy)	  (3)	03/03/2014	Common Stock	16,667	$ 1.5	D	Â
Employee Stock Options (right to buy)	  (4)	06/14/2012	Common Stock	12,072	$ 1.5	D	Â
Employee Stock Options (right to buy)	  (5)	03/18/2013	Common Stock	7,539	$ 1.5	D	Â
Employee Stock Options (right to buy)	  (6)	04/18/2016	Common Stock	40,000	$ 5.37	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
GAPONTSEV DENIS C/O IPG PHOTONICS CORPORATION 50 OLD WEBSTER ROAD OXFORD, MA 01540	Â	Â	  Vice President	Â

Signatures

Angelo P. Lopresti, as Attorney-in-Fact		12/12/2006
**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)	These options were exercisable immediately.
(2)	These options are exercisable in three equal annual installments of 5,555 shares beginning on 3/3/05.
(3)	These options were exercisable immediately.
(4)	These options were exercisable immediately.
(5)	These options were exercisable immediately.
(6)	These options are exercisable in five equal installments of 8,000 shares beginning on 4/18/07.

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.