LINCOLN EDUCATIONAL SERVICES CORP — Director's Dealing 2009

Jun 8, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LINCOLN EDUCATIONAL SERVICES CORP (LINC)
CIK: 0001286613
Period of Report: 2009-06-03

Reporting Person: CARNEY DAVID F (Executive Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-06-03	Common Stock	M	7500	$3.1	Acquired	244949	Direct
2009-06-03	Common Stock	S	7500	$20.00	Disposed	237449	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-06-03	Employee Stock Option (right to buy)	$3.1	M	7500	Disposed	2012-01-01	Common Stock (7500)	Direct

Footnotes

F1: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 29, 2009.