Filing Details

Accession Number:
0001019056-20-000497
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-09-11 21:51:16
Reporting Period:
2020-09-09
Accepted Time:
2020-09-11 21:51:16
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
1524397 Juniper Targeted Opportunity Fund, L.p. 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
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 2020-09-09 25,082 $7.01 652,368 No 4 S Indirect Juniper Targeted Opportunity Fund, L.P.
Common Stock, No Par Value Per Share Disposition 2020-09-10 7,929 $7.05 644,439 No 4 S Indirect Juniper Targeted Opportunity Fund, L.P.
Common Stock, No Par Value Per Share Disposition 2020-09-11 29,591 $6.80 614,848 No 4 S Indirect Juniper Targeted Opportunity Fund, L.P.
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect Juniper Targeted Opportunity Fund, L.P.
No 4 S Indirect Juniper Targeted Opportunity Fund, L.P.
No 4 S Indirect Juniper Targeted Opportunity Fund, L.P.
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Series A Convertible Preferred Stock $0.00 1,483,051 3,500 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
1,483,051 3,500 Indirect
Footnotes
  1. Represents securities held of record by Juniper Targeted Opportunity Fund, L.P.
  2. The reported price is a weighted average price. The shares were sold on September 9, 2020 in multiple transactions at prices ranging from $7.35 to $6.90. The reporting person 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.
  3. The reported price is a weighted average price. The shares were sold on September 10, 2020 in multiple transactions at prices ranging from $7.23 to $7.05. The reporting person 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.
  4. The reported price is a weighted average price. The shares were sold on September 11, 2020 in multiple transactions at prices ranging from $6.63 to $7.07. The reporting person 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.
  5. The Series A Convertible Preferred Stock ("Series A") is convertible into the Issuer's Common Stock on a 423.729-for-one basis (when issued and such conversion ratio is subject to increase in the event that dividends on such shares are not paid in cash). Series A is convertible 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. Juniper Investment Company, LLC is the investment manager of Juniper Targeted Opportunity Fund, L.P. and may be deemed to beneficially own the securities held by it. Each Reporting Person disclaims beneficial ownership of all interests reported herein except to the extent of such Reporting Person's pecuniary interests.