James J. Burke Jr. - 02 Dec 2021 Form 4 Insider Report for LINCOLN EDUCATIONAL SERVICES CORP (LINC)

Role: Director
Signature: /s/ James J. Burke, Jr.
Issuer symbol: LINC
Transactions as of: 02 Dec 2021
Net transactions value: -$108,450
Form type: 4
Filing time: 03 Dec 2021, 15:31:46 UTC
Previous filing: 22 Nov 2021
Next filing: 03 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LINC	Common Stock	Sale	$108,450	-15,000	-43%	$7.23	20,000	02 Dec 2021	By Trust	F1, F2
holding	LINC	Common Stock						145,446	02 Dec 2021	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported price is a weighted average price. The shares were sold on December 2, 2021 in multiple transactions on the open market at prices ranging from $7.20 to $7.30. The reporting person hereby undertakes to provide to the Issuer or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2	The sales reported in this Form 4 were effected by the trustee of the trust. The remaining shares are held in the trust for the benefit of the reporting person's family members.

Content

The reported price is a weighted average price. The shares were sold on December 2, 2021 in multiple transactions on the open market at prices ranging from $7.20 to $7.30. The reporting person hereby undertakes to provide to the Issuer or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

The sales reported in this Form 4 were effected by the trustee of the trust. The remaining shares are held in the trust for the benefit of the reporting person's family members.