Home > Insider Trading > Filing (0001019056-23-000274)

Filing Details

Accession Number:: 0001019056-23-000274
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-06-16 16:00:39
Reporting Period:: 2023-06-14

Accepted Time:: 2023-06-16 16:00:39
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 Avenue 24Th Floor New York NY 10022	No	No	Yes	No
1382909	A. John Bartholdson	555 Madison Avenue 24Th Floor New York NY 10022	Yes	No	Yes	No
1680619	Juniper Targeted Opportunities, Lp	555 Madison Avenue 24Th Floor New York NY 10022	No	No	Yes	No
1794034	Juniper Investment Company, Llc	555 Madison Avenue 24Th Floor New York NY 10022	No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, No Par Value Per Share	Disposition	2023-06-14	194,312	$6.41	2,076,870	No	4	S	Indirect	Juniper Targeted Opportunities L.P.
Common Stock, No Par Value Per Share	Disposition	2023-06-14	470,647	$0.00	1,606,223	No	4	J	Indirect	Juniper Targeted Opportunities L.P.
Common Stock, No Par Value Per Share	Acquisiton	2023-06-14	289,916	$0.00	306,309	No	4	J	Indirect	Alexis P. Michas
Common Stock, No Par Value Per Share	Acquisiton	2023-06-14	144,963	$0.00	193,965	No	4	J	Indirect	John A. Bartholdson

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	Juniper Targeted Opportunities L.P.
No	4	J	Indirect	Juniper Targeted Opportunities L.P.
No	4	J	Indirect	Alexis P. Michas
No	4	J	Indirect	John A. Bartholdson

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, No Par Value Per Share	2,363,311	Indirect	Juniper Targeted Opportunity Fund, L.P.

Footnotes

Represents the weighted average per share price with a range from $6.25 and $6.53. The reporting person undertakes to provide details of the trades to the Issuer or the Securities and Exchange Commission upon request.
As the investment manager of Juniper Targeted Opportunities, L.P. ("Juniper Targeted Opportunities"), Juniper Investment Company, LLC ("Juniper Investment Company") may be deemed to beneficially own the securities held by the Juniper Targeted Opportunities. Juniper Investment Company disclaims beneficial ownership of all the interests reported herein except to the extent of its pecuniary interest therein. Mr. John A. Bartholdson and Mr. Alexis P. Michas serve as the managing members of Juniper Investment Company and the general partners of Juniper Targeted Opportunities and as a result, Mr. Bartholdson and Mr. Michas share voting and dispositive power over such shares with Juniper Investment Company. Each of Mr. Bartholdson and Mr. Michas disclaims beneficial ownership of the holdings of Juniper Targeted Opportunities reflected herein except to the extent of his pecuniary interest therein.
On June 14, 2023, Juniper Targeted Opportunities distributed, for no consideration, 470,647 shares of Common Stock to its general partner, Juniper Targeted Opportunity Investors, LLC ("General Partner"), in an amount equal to the General Partner's pro rata interest in the shares held by Juniper Targeted Opportunities. On the same date, the General Partner, distributed, for no consideration, the shares of Common Stock it received from the Juniper Targeted Opportunities distribution to its members in an amount equal to each such member's pro rata interest in such shares. Mr. Michas received 289,926 shares of Common Stock in such distribution. Mr. Bartholdson received 144,963 shares of Common Stock in such distribution.
Shares distributed for no consideration to Mr. Michas. See footnote 3 above.
Shares distributed for no consideration to Mr. Bartholdson. See footnote 3 above.
As the investment manager of Juniper Targeted Opportunity Fund, L.P. ("Juniper Targeted Opportunity Fund"), Juniper Investment Company may be deemed to beneficially own the securities held by the Juniper Targeted Opportunity Fund. Juniper Investment Company disclaims beneficial ownership of all the interests reported herein except to the extent of its pecuniary interest therein. Mr. Bartholdson and Mr. Michas serve as the managing members of Juniper Investment Company and the general partners of Juniper Targeted Opportunity Fund and as a result, each of Mr. Bartholdson and Mr. Michas shares voting and dispositive power over such shares with Juniper Investment Company. Each of Mr. Bartholdson and Mr. Michas disclaims beneficial ownership of the holdings of Juniper Targeted Opportunity Fund reflected herein except to the extent of his pecuniary interest therein.