SEC Form 4 · accession 0001140361-15-009800
LINCOLN EDUCATIONAL SERVICES CORP · LINC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott M Shaw
Officer — President & COO
Period of report
Feb 23, 2015
Accepted (ET)
Mar 2, 2015 · 7:36 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001286613
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 23, 2015 | F | 2,997 | $2.22 | D | 523,992 | D | |
| Common StockF2 | Feb 27, 2015 | D | 11,976 | $0.00 | D | 512,016 | D | |
| Common StockF3 | Feb 27, 2015 | D | 17,318 | $0.00 | D | 494,698 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Consists of shares withheld by the Issuer with respect to income taxes payable by the Reporting Person upon the vesting and delivery of 20% of the shares of restricted stock granted by the Issuer on April 29, 2011.
- F2Forfeiture of 25% of the performance-based restricted shares previously awarded on April 29, 2011.
- F3Forfeiture of 25% of the performance-based restricted shares previously awarded on April 30, 2013.