SEC Form 4 · accession 0001140361-16-056030
LINCOLN EDUCATIONAL SERVICES CORP · LINC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian K Meyers
Officer — CFO and Treasurer
Period of report
Feb 25, 2016
Accepted (ET)
Mar 2, 2016 · 3:33 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 25, 2016 | F | 2,973 | $2.38 | D | 112,051 | D | |
| Common StockF2 | Feb 25, 2016 | D | 4,441 | $0.00 | D | 107,610 | 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 25% of the shares of restricted stock previously granted by the Issuer on December 18, 2014.
- F2Forfeiture of 25% of the performance-based restricted shares previously awarded on April 30, 2013.