LINCOLN EDUCATIONAL SERVICES CORP — Director's Dealing 2010

Dec 13, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LINCOLN EDUCATIONAL SERVICES CORP (LINC)
CIK: 0001286613
Period of Report: 2010-12-09

Reporting Person: CARNEY DAVID F (Executive Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-09	Common Stock	M	40326	$3.1	Acquired	229975	Direct
2010-12-09	Common Stock	M	60000	$14.00	Acquired	289975	Direct
2010-12-09	Common Stock	F	22723	$16.77	Disposed	267252	Direct
2010-12-09	Common Stock	F	54693	$16.77	Disposed	212559	Direct
2010-12-09	Common Stock	D	5307	$16.77	Disposed	207252	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-09	Employee Stock Option (right to buy)	$3.1	M	40326	Disposed	2012-01-01	Common Stock (40326)	Direct
2010-12-09	Employee Stock Option (right to buy)	$14.00	M	12000	Disposed	2013-11-03	Common Stock (12000)	Direct
2010-12-09	Employee Stock Option (right to buy)	$14.00	M	5334	Disposed	2013-11-03	Common Stock (5334)	Direct
2010-12-09	Employee Stock Option (right to buy)	$14.00	M	5334	Disposed	2013-11-03	Common Stock (5334)	Direct
2010-12-09	Employee Stock Option (right to buy)	$14.00	M	5334	Disposed	2013-11-03	Common Stock (5334)	Direct
2010-12-09	Employee Stock Option (right to buy)	$14.00	M	10666	Disposed	2013-11-03	Common Stock (10666)	Direct
2010-12-09	Employee Stock Option (right to buy)	$14.00	M	10666	Disposed	2013-11-03	Common Stock (10666)	Direct
2010-12-09	Employee Stock Option (right to buy)	$14.00	M	10666	Disposed	2013-11-03	Common Stock (10666)	Direct