X0202 4 2005-07-29 0001286613 LINCOLN EDUCATIONAL SERVICES CORP LINC 0001044005 MICHAS ALEXIS P 767 FIFTH AVENUE NEW YORK NY 10153 1 0 0 0 Common Stock 2005-07-29 4 A 0 3069 A 3069 D Grant of Restricted Stock valued at $60,000 on date of grant. These restricted shares vest ratably on the first, second & third year anniversary of grant date. Alexis P. Michas has elected to defer his grant of Restricted Stock into the Lincoln Educational Services Corporation 2005 Deferred Compensation Plan, in accordance with the provisions of the Lincoln Educational Services Corporation 2005 Non-Employee Directors Restricted Stock Plan. /s/ Alexis P. Michas 2005-08-02