X0202 4 2007-03-09 0000721237 NOBEL LEARNING COMMUNITIES INC NLCI 0001358289 Blesbok LLC 1250 FOURTH STREET SANTA MONICA CA 90401 0 0 0 1 X (1) 0001045218 MILKEN MICHAEL R 1250 FOURTH STREET SANTA MONICA CA 90401 0 0 0 1 X (1) 0001261505 MILKEN LOWELL J 1250 FOURTH STREET SANTA MONICA CA 90401 0 0 0 1 X (1) Common Stock 2007-03-09 4 C 0 345746 A 931549 D Common Stock 2007-03-23 4 P 0 110000 13.59 A 1041549 D Series F Convertible Preferred Stock 2007-03-09 4 C 0 345746 0 D Common Stock, $0.001 par value 345746 0 D 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. 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. 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. /s/ STANLEY E. MARON - Secretary of Blesbok, L.L.C. 2007-03-27 /s/ MICHAEL R. MILKEN 2007-03-27 /s/ LOWELL J. MILKEN 2007-03-27