LINCOLN EDUCATIONAL SERVICES CORP — Director's Dealing 2009

May 4, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LINCOLN EDUCATIONAL SERVICES CORP (LINC)
CIK: 0001286613
Period of Report: 2009-04-30

Reporting Person: Currin Celia (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-04-30	Common Stock	A	2411	—	Acquired	13997	Direct

Footnotes

F1: Grant of Restricted Stock valued at $40,000 on date of grant. These restricted shares vest ratably on the first, second and third year anniversary of grant date.