Home > Insider Trading > Filing (0001019056-21-000630)

Filing Details

Accession Number:: 0001019056-21-000630
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-12-06 16:01:26
Reporting Period:: 2021-12-02

Accepted Time:: 2021-12-06 16:01:26
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

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	Acquisiton	2021-12-02	97,880	$7.22	855,576	No	4	P	Indirect	Juniper Targeted Opportunity Fund, L.P.
Common Stock, No Par Value Per Share	Acquisiton	2021-12-03	24,683	$7.19	880,259	No	4	P	Indirect	Juniper Targeted Opportunity Fund, L.P.

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.

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, No Par Value Per Share	14,000	Indirect	Juniper Multi-Strategy Fund, L.P.

Reported Derivative Holdings

Show Other Fields >>

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

The reported price is a weighted average price. The shares were purchased on December 2, 2021 in multiple transactions on the open market at prices ranging from $7.18 to $7.22 by Juniper Targeted Opportunity Fund, L.P. ("Juniper Fund"). Juniper Investment Company, LLC ("Juniper") serves as the investment manager of Juniper Fund. The Reporting Persons undertake to provide to the Issuer or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
As the investment manager of Juniper Fund, Juniper may be deemed to beneficially own the securities held by the Juniper Fund. Juniper disclaims beneficial ownership of all the interests reported herein except to the extent of its pecuniary interest therein.
The reported price is a weighted average price. The shares were purchased on December 3, 2021 in multiple transactions on the open market at prices ranging from $7.10 to $7.19 by Juniper Fund. The Reporting Persons undertake to provide to the Issuer or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
As the investment manager of Juniper Multi-Strategy Fund, L.P. ("Juniper Multi-Strategy Fund") Juniper may be deemed to beneficially own the securities held by Juniper Multi-Strategy Fund. Juniper disclaims beneficial ownership of all the interests reported herein except to the extent of its pecuniary interest therein.
Represents an aggregate of 11,200 shares of the Issuer's Series A Convertible Preferred Stock ("Series A Preferred") of which Juniper Fund and Juniper Targeted Opportunities, L.P. ("Juniper Targeted Opportunities") hold 3,500 shares and 7,700 shares, respectively. The Series A Preferred 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 Series A shares are not paid in cash). Series A is convertible at any time at the holder's election and has no expiration date.
(Footnote 5 continued). 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 serves as the investment manager of Juniper Fund and Juniper Targeted Opportunities and may be deemed to beneficially own the securities held by them. Juniper disclaims beneficial ownership of all interests reported herein except to the extent of its pecuniary interest therein.