SEC Form 4 · accession 0001140361-17-010488
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 23, 2017
Accepted (ET)
Mar 3, 2017 · 3:11 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, 2017 | F | 2,973 | $1.86 | D | 197,415 | D | |
| Common StockF2 | Feb 23, 2017 | D | 8,881 | $0.00 | D | 188,534 | 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 50% of the performance-based restricted shares previously awarded on April 30, 2013.