LINCOLN EDUCATIONAL SERVICES CORP — Director's Dealing 2011

Aug 9, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LINCOLN EDUCATIONAL SERVICES CORP (LINC)
CIK: 0001286613
Period of Report: 2011-08-04

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-04	Common Stock	S	7396	$12.45	Disposed	115562	Direct
2011-08-04	Common Stock	S	6972	$12.38	Disposed	108590	Direct
2011-08-08	Common Stock	P	2500	$11.00	Acquired	111090	Direct
2011-08-08	Common Stock	P	2500	$10.95	Acquired	113590	Direct
2011-08-08	Common Stock	P	3500	$10.90	Acquired	117090	Direct
2011-08-08	Common Stock	P	1000	$10.85	Acquired	118090	Direct
2011-08-08	Common Stock	P	1000	$10.75	Acquired	119090	Direct
2011-08-08	Common Stock	P	500	$10.70	Acquired	119590	Direct

Footnotes

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