-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 HT5IApD7B73Q4o53TS3q76GoNIBnEQH8gQp1PRvnbmdcsRcuL7KK2ryH6VsrWBxY
 nIbf3SgU2aa9Gyihwrgj/w==

<SEC-DOCUMENT>0001209191-07-019955.txt : 20070327
<SEC-HEADER>0001209191-07-019955.hdr.sgml : 20070327
<ACCEPTANCE-DATETIME>20070327124051
ACCESSION NUMBER:		0001209191-07-019955
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070309
FILED AS OF DATE:		20070327
DATE AS OF CHANGE:		20070327

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NOBEL LEARNING COMMUNITIES INC
		CENTRAL INDEX KEY:			0000721237
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EDUCATIONAL SERVICES [8200]
		IRS NUMBER:				222465204
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	BUSINESS ADDRESS:	
		STREET 1:		1615 WEST CHESTER PIKE
		STREET 2:		SUITE 200
		CITY:			WEST CHESTER
		STATE:			PA
		ZIP:			19382-6223
		BUSINESS PHONE:		484-947-2000

	MAIL ADDRESS:	
		STREET 1:		1615 W CHESTER PIKE
		STREET 2:		STE 200
		CITY:			WEST CHESTER
		STATE:			PA
		ZIP:			19382-6223

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NOBEL EDUCATION DYNAMICS INC
		DATE OF NAME CHANGE:	19931222

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ROCKING HORSE CHILD CARE CENTERS OF AMERICA INC /DE/
		DATE OF NAME CHANGE:	19931222

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PETRIE CORP
		DATE OF NAME CHANGE:	19851031

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MILKEN LOWELL J
		CENTRAL INDEX KEY:			0001261505

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10031
		FILM NUMBER:		07720492

	BUSINESS ADDRESS:	
		STREET 1:		1250 FOURTH STREET
		STREET 2:		SUITE 550
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90401
		BUSINESS PHONE:		3105704900

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MILKEN MICHAEL R
		CENTRAL INDEX KEY:			0001045218
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10031
		FILM NUMBER:		07720494

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		3105704900

	MAIL ADDRESS:	
		STREET 1:		1250 4TH STREET
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90401

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Blesbok LLC
		CENTRAL INDEX KEY:			0001358289
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10031
		FILM NUMBER:		07720495

	BUSINESS ADDRESS:	
		STREET 1:		1250 FOURTH STREET
		STREET 2:		SUITE 550
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90401
		BUSINESS PHONE:		310-570-4900

	MAIL ADDRESS:	
		STREET 1:		1250 FOURTH STREET
		STREET 2:		SUITE 550
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90401
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bsd28669_bsd2b.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-03-09</periodOfReport>

    <issuer>
        <issuerCik>0000721237</issuerCik>
        <issuerName>NOBEL LEARNING COMMUNITIES INC</issuerName>
        <issuerTradingSymbol>NLCI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001358289</rptOwnerCik>
            <rptOwnerName>Blesbok LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1250 FOURTH STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>SANTA MONICA</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>90401</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>X (1)</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001045218</rptOwnerCik>
            <rptOwnerName>MILKEN MICHAEL R</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1250 FOURTH STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>SANTA MONICA</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>90401</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>X (1)</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001261505</rptOwnerCik>
            <rptOwnerName>MILKEN LOWELL J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1250 FOURTH STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>SANTA MONICA</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>90401</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>X (1)</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2007-03-09</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>C</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>345746</value>
                    <footnoteId id="F3"/>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>931549</value>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2007-03-23</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>110000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>13.59</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1041549</value>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Series F Convertible Preferred Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F2"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2007-03-09</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>C</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>345746</value>
                    <footnoteId id="F3"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $0.001 par value</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>345746</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The shares are owned directly by Blesbok, L.L.C., which is a limited liability company the managing members of which are Michael R. Milken and Lowell J. Milken.  In such capacities, Michael R. Milken and Lowell  J. Milken may be deemed to be indirect beneficial owners of the reported securities.</footnote>
        <footnote id="F2">The Series F Convertible Preferred Stock converted into Nobel Learning Communities, Inc. Common Stock on a one-for-one basis, and had no expiration date.</footnote>
        <footnote id="F3">Pursuant to the Certificate of Designations, Blesbok has informed the Company that it elects to have the Company pay the accrued and unpaid dividends on the Series F Convertible Preferred Stock in Common Stock (which Blesbok estimates to be approximately 3,265 Shares).  Receipt of such shares will increase the number of Shares beneficially owned by Blesbok and indirectly, the number of Shares beneficially owned by Michael R. Milken and Lowell J. Milken.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ STANLEY E. MARON - Secretary of Blesbok, L.L.C.</signatureName>
        <signatureDate>2007-03-27</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ MICHAEL R. MILKEN</signatureName>
        <signatureDate>2007-03-27</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ LOWELL J. MILKEN</signatureName>
        <signatureDate>2007-03-27</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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