0001019056-21-000622.txt : 20211202 0001019056-21-000622.hdr.sgml : 20211202 20211202160110 ACCESSION NUMBER: 0001019056-21-000622 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20211130 FILED AS OF DATE: 20211202 DATE AS OF CHANGE: 20211202 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Juniper Targeted Opportunity Fund, L.P. CENTRAL INDEX KEY: 0001524397 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-51371 FILM NUMBER: 211466545 BUSINESS ADDRESS: STREET 1: 555 MADISON AVENUE STREET 2: 24TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-339-8542 MAIL ADDRESS: STREET 1: 555 MADISON AVENUE STREET 2: 24TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FORMER NAME: FORMER CONFORMED NAME: Juniper Public Fund, L.P. DATE OF NAME CHANGE: 20110627 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Juniper Investment Company, LLC CENTRAL INDEX KEY: 0001794034 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-51371 FILM NUMBER: 211466546 BUSINESS ADDRESS: STREET 1: 555 MADISON AVENUE STREET 2: 24TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022-3315 BUSINESS PHONE: (212) 339-8500 MAIL ADDRESS: STREET 1: 555 MADISON AVENUE STREET 2: 24TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022-3315 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: LINCOLN EDUCATIONAL SERVICES CORP CENTRAL INDEX KEY: 0001286613 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 571150621 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 14 SYLVAN WAY STREET 2: SUITE A CITY: PARSIPPANY STATE: NJ ZIP: 07054 BUSINESS PHONE: 973-736-9340 MAIL ADDRESS: STREET 1: 14 SYLVAN WAY STREET 2: SUITE A CITY: PARSIPPANY STATE: NJ ZIP: 07054 4 1 ownership.xml X0306 4 2021-11-30 0 0001286613 LINCOLN EDUCATIONAL SERVICES CORP LINC 0001794034 Juniper Investment Company, LLC 555 MADISON AVENUE 24TH FLOOR NEW YORK NY 10022 0 0 1 0 0001524397 Juniper Targeted Opportunity Fund, L.P. 555 MADISON AVENUE 24TH FLOOR NEW YORK NY 10022 0 0 1 0 Common Stock, no par value per share 2021-11-30 4 P 0 11300 7.0156 A 640469 I Juniper Targeted Opportunity Fund, L.P. Common Stock, no par value per share 2021-12-01 4 P 0 117227 7.1493 A 757696 I Juniper Targeted Opportunity Fund, L.P. Common Stock, no par value per share 14000 I Juniper Multi-Strategy Fund, L.P. Series A Convertible Preferred Stock Common Stock 4745765 11200 I See footnote The reported price is a weighted average price. The shares were purchased on November 30, 2021 in multiple transactions on the open market at prices ranging from $6.945 to $7.07 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 1, 2021 in multiple transactions on the open market at prices ranging from $7.095 to $7.24 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. 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. (Footnote 5 continued). 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. Juniper Investment Company, LLC, By: /s/ John A. Bartholdson, its Managing Member 2021-12-02 Juniper Targeted Opportunity Fund, L.P. By: Juniper HF II Investors, LLC, its general partner, By: /s/ John A. Bartholdson, its Managing Member 2021-12-02