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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1286613	Lincoln Educational Services Corp	LINC	Services-Educational Services (8200)	571150621

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1330740	F David Carney	C/O Lincoln Educational Services Corp 200 Executive Drive, Suite 340 West Orange NJ 07052	Executive Chairman	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2010-05-13	40,000	$24.91	197,449	No	4	S	Direct
Common Stock	Acquisiton	2010-05-17	7,500	$3.10	204,949	No	4	M	Direct
Common Stock	Disposition	2010-05-17	7,500	$24.70	197,449	No	4	S	Direct
Common Stock	Disposition	2010-05-17	32,800	$24.98	164,649	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option (right to buy)	Disposition	2010-05-17	4,033	$0.00	4,033	$3.10
Common Stock	Employee Stock Option (right to buy)	Disposition	2010-05-17	3,467	$0.00	3,467	$3.10

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
143,293	2005-04-15	2012-01-01	No	4	M	Direct
139,826	2006-01-01	2012-01-01	No	4	M	Direct

Footnotes

This transaction was executed in multiple trades at prices ranging from $24.78 to $25.17. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 29, 2009.
This transaction was executed in multiple trades at prices ranging from $24.75 to $25.26. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.