X0303 4 2009-04-16 0 0001286613 LINCOLN EDUCATIONAL SERVICES CORP LINC 0001330740 CARNEY DAVID F 200 EXECUTIVE DRIVE, SUITE 340 WEST ORANGE NJ 07052 0 1 0 0 CEO and Chairman of the Board Common Stock 2009-04-16 4 M 0 45161 3.10 A 237449 D Employee Stock Options 3.1 2009-04-16 4 M 0 12903 0 D 2005-04-15 2012-01-01 Common Stock 12903 352084 D Employee Stock Options 3.1 2009-04-16 4 M 0 16129 0 D 2006-01-01 2012-01-01 Common Stock 16129 335955 D Employee Stock Options 3.1 2009-04-16 4 M 0 16129 0 D 2006-01-01 2012-01-01 Common Stock 16129 319826 D /s/ David F. Carney 2009-04-17