LINCOLN EDUCATIONAL SERVICES CORP — Director's Dealing 2013

May 2, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LINCOLN EDUCATIONAL SERVICES CORP (LINC)
CIK: 0001286613
Period of Report: 2013-04-30

Reporting Person: KALMBACH CHARLES F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-04-30	Common Stock	A	9874	$5.57	Acquired	29630	Direct

Footnotes

F1: Grant of Restricted Stock valued at $55,000 on the date of grant. These restricted shares vest on the first anniversary of the grant date.