LINCOLN EDUCATIONAL SERVICES CORP — Director's Dealing 2009

Nov 18, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LINCOLN EDUCATIONAL SERVICES CORP (LINC)
CIK: 0001286613
Period of Report: 2009-11-16

Reporting Person: Abrams Edward B (President, Lincoln Ed Group)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-11-16	Common Stock	S	3377	$22.50	Disposed	30858	Direct
2009-11-18	Common Stock	M	6667	$11.96	Acquired	37525	Direct
2009-11-18	Common Stock	S	6667	$23.00	Disposed	30858	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-11-18	Employee Stock Option (right to buy)	$11.96	M	3334	Disposed	2017-03-01	Common Stock (3334)	Direct
2009-11-18	Employee Stock Option (right to buy)	$11.96	M	3333	Disposed	2017-03-01	Common Stock (3333)	Direct