LINCOLN EDUCATIONAL SERVICES CORP — Director's Dealing 2010

May 28, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LINCOLN EDUCATIONAL SERVICES CORP (LINC)
CIK: 0001286613
Period of Report: 2010-05-26

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-05-26	Common Stock	M	3333	$11.96	Acquired	33572	Direct
2010-05-26	Common Stock	M	656	$14.00	Acquired	34228	Direct
2010-05-26	Common Stock	S	3989	$24.18	Disposed	30239	Direct
2010-05-27	Common Stock	M	13469	$14.00	Acquired	43708	Direct
2010-05-27	Common Stock	S	13469	$24.18	Disposed	30239	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-05-26	Employee Stock Option (right to buy)	$14.00	M	656	Disposed	2013-11-03	Common Stock (656)	Direct
2010-05-26	Employee Stock Option (right to buy)	$11.96	M	3333	Disposed	2017-03-01	Common Stock (3333)	Direct
2010-05-27	Employee Stock Option (right to buy)	$14.00	M	757	Disposed	2013-11-03	Common Stock (757)	Direct
2010-05-27	Employee Stock Option (right to buy)	$14.00	M	1413	Disposed	2013-11-03	Common Stock (1413)	Direct
2010-05-27	Employee Stock Option (right to buy)	$14.00	M	1413	Disposed	2013-11-03	Common Stock (1413)	Direct
2010-05-27	Employee Stock Option (right to buy)	$14.00	M	1413	Disposed	2013-11-03	Common Stock (1413)	Direct
2010-05-27	Employee Stock Option (right to buy)	$14.00	M	2825	Disposed	2013-11-03	Common Stock (2825)	Direct
2010-05-27	Employee Stock Option (right to buy)	$14.00	M	2824	Disposed	2013-11-03	Common Stock (2824)	Direct
2010-05-27	Employee Stock Option (right to buy)	$14.00	M	2824	Disposed	2013-11-03	Common Stock (2824)	Direct