LINCOLN EDUCATIONAL SERVICES CORP — Director's Dealing 2010

Apr 14, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LINCOLN EDUCATIONAL SERVICES CORP (LINC)
CIK: 0001286613
Period of Report: 2010-04-13

Reporting Person: RUBENSTEIN JERRY G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-13	Common Stock	M	33070	$3.1	Acquired	57081	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-13	Stock Option (right to buy)	$3.1	M	6614	Acquired	2012-01-01	Common Stock (6614)	Direct
2010-04-13	Stock Option (right to buy)	$3.1	M	6614	Acquired	2012-01-01	Common Stock (6614)	Direct
2010-04-13	Stock Option (right to buy)	$3.1	M	6614	Acquired	2012-01-01	Common Stock (6614)	Direct
2010-04-13	Stock Option (right to buy)	$3.1	M	6614	Acquired	2012-01-01	Common Stock (6614)	Direct
2010-04-13	Stock Option (right to buy)	$3.1	M	6614	Acquired	2012-01-01	Common Stock (6614)	Direct

Footnotes

F1: Jerry G. Rubenstein owns 54,581 of the reported securities, 2,500 of the reported securities are owned by Bernice Rubenstein, to whom Jerry G. Rubenstein is married.