LINCOLN EDUCATIONAL SERVICES CORP — Director's Dealing 2008

Nov 3, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LINCOLN EDUCATIONAL SERVICES CORP (LINC)
CIK: 0001286613
Period of Report: 2008-10-30

Reporting Person: RIBEIRO CESAR (SVP, CFO and Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-10-30	Common Stock	F	3358	$13.47	Disposed	56642	Direct

Footnotes

F1: Consists of shares withheld by the Issuer with respect to income taxes payable by the Reporting Person upon the vesting and delivery of 20% of the shares of restricted stock previously granted by the Issuer on October 30, 2007.