LINCOLN EDUCATIONAL SERVICES CORP — Director's Dealing 2010

Aug 18, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LINCOLN EDUCATIONAL SERVICES CORP (LINC)
CIK: 0001286613
Period of Report: 2010-08-11

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-08-11	Common Stock	S	2600	$14.04	Disposed	85304	Direct
2010-08-12	Common Stock	S	3580	$13.08	Disposed	81724	Direct
2010-08-13	Common Stock	S	8854	$12.26	Disposed	72870	Direct
2010-08-17	Common Stock	S	1000	$11.55	Disposed	71870	Direct

Footnotes

F1: This sale resulted from a margin call by the reporting person's broker.

F2: This transaction was executed in multiple trades at prices ranging from $14.03 to $14.06. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F3: This transaction was executed in multiple trades at prices ranging from $12.20 to $12.55. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.