LINCOLN EDUCATIONAL SERVICES CORP — Director's Dealing 2015

May 6, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LINCOLN EDUCATIONAL SERVICES CORP (LINC)
CIK: 0001286613
Period of Report: 2015-05-01

Reporting Person: MICHAS ALEXIS P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-01	Common Stock	A	41667	$2.28	Acquired	232553	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	16393	Indirect
Common Stock	166	Indirect
Common Stock	80	Indirect
Common Stock	500	Indirect

Footnotes

F1: Grant of Restricted Stock valued at $95,000 on the date of grant. These restricted shares vest on the first anniversary of the grant date.