Filing Details
- Accession Number:
- 0000947871-10-001124
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2010-12-16 17:05:09
- Reporting Period:
- 2010-12-15
- Filing Date:
- 2010-12-16
- Accepted Time:
- 2010-12-16 17:05:09
- SEC Url:
- Form 4 Filing
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 |
|---|---|---|---|---|---|---|---|
| 1044005 | P Alexis Michas | C/O Stonington Partners Inc Ii 600 Madison Avenue, 16Th Floor New York, NY 10022 | Yes | No | No | No | |
| 1047030 | Stonington Partners Inc Ii | 600 Madison Avenue, 16Th Floor New York, NY 10022 | No | No | Yes | No | |
| 1091323 | Jr J James Burke | C/O Stonington Partners Inc Ii 600 Madison Avenue, 16Th Floor New York, NY 10022 | Yes | No | No | No | |
| 1457001 | Back To School Acquisition, L.l.c. | C/O Stonington Partners Inc. Ii 600 Madison Avenue, 16Th Floor New York NY 10022 | No | No | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2010-12-15 | 3,908,000 | $0.00 | 0 | No | 4 | S | Indirect | See Footnote |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Indirect | See Footnote |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 15,644 | Direct | |
| Common Stock | 15,644 | Direct |
Footnotes
- The disposition of shares of Lincoln Educational Services Corporation (the "Company") is in connection with a registered public offering by Back to School Acquisition L.L.C. ("BSA") on December 15, 2010, based on a public offering price of $15.25 per share. After the underwriting discount of $0.25, BSA received $15.00 per share.
- Stonington Partners, Inc. II is the general partner of Stonington Partners, L.P. ("SP") and SP is the general partner of the Stonington Capital Appreciation 1994 Fund, L.P. (the "Stonington Fund"). Stonington Partners, Inc. is the management company, which, pursuant to a management agreement with the Stonington Fund, has full discretionary authority with respect to the Stonington Fund's investments, including the authority to make and dispose of such investments. The Stonington Fund controls and has 100% economic interest in BSA, which is the registered owner of the shares of common stock.
- Shares owned directly by James J. Burke, Jr.
- Shares owned directly by Alexis P. Michas.
- Each reporting person disclaims beneficial ownership except to the extent of its pecuniary interest therein.
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