X0202 3 2004-08-06 0 0000721237 NOBEL LEARNING COMMUNITIES INC NLCI 0000899083 WYNNEFIELD PARTNERS SMALL CAP VALUE LP 450 SEVENTH AVENUE NEW YORK NY 10123 0 0 1 0 0001251565 WYNNEFIELD PARTNERS SMALL CAP VALUE LP I 450 SEVENTH AVE STE 509 NEW YORK NY 10123 0 0 1 0 0001030806 WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND LTD 450 SEVENTH AVE STE 509 NEW YORK NY 10123 0 0 1 0 0001056835 WYNNEFIELD CAPITAL MANAGEMENT LLC 450 SEVENTH AVE STE 509 NEW YORK NY 10123 0 0 1 0 0001251567 WYNNEFIELD CAPITAL INC 450 SEVENTH AVE STE 509 NEW YORK NY 10123 0 0 1 0 0001273617 CHANNEL PARTNERSHIP II L P 450 SEVENTH AVENUE SUITE 509 NEW YORK NY 10123 0 0 1 0 0001017043 OBUS NELSON WYNNEFIELD CAPITAL INC 450 SEVENTH AVE STE 509 NEW YORK NY 10123 0 0 1 0 Common Stock, par value $.001 per share 253450 D Common Stock, par value $.001 per share 289500 I See Footnote Common Stock, par value $.001 per share 139500 I See Footnote Common Stock, par value $.001 per share 10200 I See Footnote On the date hereof, the Reporting Person directly beneficially owns 253,450 shares of common stock, par value $.001 per share ("Common Stock") of Nobel Learning Communities, Inc. [NLCI]. Wynnefield Capital Management, LLC, as the sole general partner of the Reporting Person, has an indirect beneficial ownership interest in the shares of Common Stock that the Reporting Person directly beneficially owns. On the date hereof, the Reporting Person has an indirect beneficial ownership interest in 289,500 shares of Common Stock, which are directly beneficially owned by Wynnefield Partners Small Cap Value, L.P. I, as members of a group under Section 13(d) of the Securities Exchange Act of 1934, as amended. Wynnefield Partners Small Cap Value, L.P. I, which maintains offices at the same address as the Reporting Person, is filing this Form jointly with the Reporting Person. Wynnefield Capital Management, LLC, as the sole general partner of Wynnefield Partners Small Cap Value, L.P. I, has an indirect beneficial ownership interest in the shares of Common Stock that Wynnefield Partners Small Cap Value, L.P. I directly beneficially owns. On the date hereof, the Reporting Person has an indirect beneficial ownership interest in 139,500 shares of Common Stock, which are directly beneficially owned by Wynnefield Small Cap Value Offshore Fund, Ltd., as members of a group under Section 13(d) of the Securities Exchange Act of 1934, as amended. Wynnefield Small Cap Value Offshore Fund, Ltd., which maintains offices at the same address as the Reporting Person, is filing this Form jointly with the Reporting Person. Wynnefield Capital, Inc. as the sole investment manager of Wynnefield Small Cap Value Offshore Fund, Ltd., has an indirect beneficial ownership interest in the shares of Common Stock that Wynnefield Small Cap Value Offshore Fund, Ltd. directly beneficially owns. On the date hereof, the Reporting Person has an indirect beneficial ownership interest in 10,200 shares of Common Stock, which are directly beneficially owned by Channel Partnership II, L.P., as members of a group under Section 13(d) of the Securities Exchange Act of 1934, as amended. Channel Partnership II, L.P., which maintains offices at the same address as the Reporting Person, is filing this Form jointly with the Reporting Person. Nelson Obus, as the sole general partner of Channel Partnership II, L.P., has an indirect beneficial ownership interest in the shares of Common Stock that Channel Partnership II, L.P. directly beneficially owns. WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P., By: Wynnefield Capital Management, LLC, General Partner, /s/ Nelson Obus, Managing Member 2004-08-13 WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P., I, By: Wynnefield Capital Management, LLC, General Partner, /s/ Nelson Obus, Managing Member 2004-08-13 WYNNEFIELD SMALL CAP VALUE OFFSHORE, FUND, LTD., By: Wynnefield Capital, Inc., /s/ Nelson Obus, President 2004-08-13 WYNNEFIELD CAPITAL MANAGEMENT, LLC, /s/ Nelson Obus, Managing Member 2004-08-13 WYNNEFIELD CAPITAL, LLC, /s/ Nelson Obus, President 2004-08-13 CHANNEL PARTNERSHIP II, L.P., /s/ Nelson Obus, General Partner 2004-08-13 /s/ Nelson Obus 2004-08-13