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Filing Details

Accession Number:: 0001019056-19-000668
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-12-13 17:55:24
Reporting Period:: 2019-12-11

Accepted Time:: 2019-12-13 17:55:24
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1286613	Lincoln Educational Services Corp	LINC	Motor Vehicle Parts & Accessories (3714)	DE

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1044005	P Alexis Michas	555 Madison Ave. 24Th Floor New York NY 10022	No	No	Yes	No
1382909	A. John Bartholdson	555 Madison Ave. 24Th Floor New York NY 10022	Yes	No	Yes	No
1680619	Juniper Targeted Opportunities, Lp	555 Madison Ave. 24Th Floor New York NY 10022	No	No	Yes	No
1794034	Juniper Investment Company, Llc	555 Madison Ave. 24Th Floor New York NY 10022	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2019-12-11	6,150	$2.20	602,484	No	4	P	Indirect	Juniper Targeted Opportunity Fund, L.P.
Common Stock	Acquisiton	2019-12-12	73,600	$2.19	676,084	No	4	P	Indirect	Juniper Targeted Opportunity Fund, L.P.
Common Stock	Acquisiton	2019-12-13	1,366	$2.14	677,450	No	4	P	Indirect	Juniper Targeted Opportunity Fund, L.P.
Common Stock	Acquisiton	2019-12-13	8,052	$2.31	8,052	No	4	P	Indirect	John A. Bartholdson

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	Juniper Targeted Opportunity Fund, L.P.
No	4	P	Indirect	Juniper Targeted Opportunity Fund, L.P.
No	4	P	Indirect	Juniper Targeted Opportunity Fund, L.P.
No	4	P	Indirect	John A. Bartholdson

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	16,393	Indirect	Alexis P. Michas

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Series A Convertible Preferred Stock	$0.00			4,745,765	11,200	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	4,745,765	11,200	Indirect

Footnotes

Represents securities held of record by Juniper Targeted Opportunity Fund, L.P. ("Juniper Fund").
Represents securities held of record by Alexis P. Michas.
The Series A Convertible Preferred Stock ("Series A") is convertible into the Issuer's Common Stock on a 423.729-for-one basis at any time at the holder's election and has no expiration date. Beginning on November 14, 2022, the holder may be required by the Issuer to convert the Series A into Common Stock upon satisfaction of certain requirements.
Represents shares held of record by Juniper Fund, with respect to 3,500 Series A that convert into 1,483,052 shares of Common Stock, and by Juniper Targeted Opportunities, L.P. ("Juniper Targeted Opportunities"), with respect to 7,700 Series A that convert into 3,262,713 shares of Common Stock.
Juniper Investment Company, LLC ("Juniper Investment") is the investment manager of Juniper Fund and Juniper Targeted Opportunities and may be deemed to beneficially own the securities held by Juniper Fund and Juniper Targeted Opportunities. Alex P. Michas and John A. Bartholdson (Managing Members") are the managing members of Juniper Investment, Juniper HF Investors II, LLC (the general partner of the Juniper Fund) and Juniper TO Investors, LLC (the general partner of Juniper Targeted Opportunities), through which the Managing Members may be deemed to have an indirect beneficial ownership with respect to the shares held by Juniper Fund and Juniper Targeted Opportunities.
Each Reporting Person disclaims beneficial ownership of all interests reported herein except to the extent of such Reporting Person's pecuniary interests.
Represents securities held of record by John A. Bartholdson.