SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Blesbok LLC

(Last) (First) (Middle)
1250 FOURTH STREET

(Street)
SANTA MONICA CA 90401

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
NOBEL LEARNING COMMUNITIES INC [ NLCI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) X Other (specify below)
See Footnotes (1)-(3)
3. Date of Earliest Transaction (Month/Day/Year)
07/18/2008
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/18/2008 P 986,336 A $16 3,857,171 D(1)(2)(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
Blesbok LLC

(Last) (First) (Middle)
1250 FOURTH STREET

(Street)
SANTA MONICA CA 90401

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) X Other (specify below)
See Footnotes (1)-(3)
1. Name and Address of Reporting Person*
ET HOLDINGS LLC

(Last) (First) (Middle)
1250 FOURTH STREET

(Street)
SANTA MONICA CA 90401

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
X(1)-(3)
1. Name and Address of Reporting Person*
HAMPSTEAD ASSOCIATES LLC

(Last) (First) (Middle)
1250 FOURTH STREET

(Street)
SANTA MONICA CA 90401

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
X(1)-(3)
1. Name and Address of Reporting Person*
RIDGEVIEW ASSOCIATES LLC

(Last) (First) (Middle)
1250 FOURTH STREET

(Street)
SANTA MONICA CA 90401

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
X(1)-(3)
1. Name and Address of Reporting Person*
MILKEN MICHAEL R

(Last) (First) (Middle)
1250 FOURTH STREET

(Street)
SANTA MONICA CA 90401

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
X(1)-(3)
1. Name and Address of Reporting Person*
MILKEN LOWELL J

(Last) (First) (Middle)
1250 FOURTH STREET

(Street)
SANTA MONICA CA 90401

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
X(1)-(3)
Explanation of Responses:
1. Michael R. Milken, Lowell J. Milken and ET Holdings, L.L.C. ("ET Holdings") are the managers of Blesbok, and in such capacities may be deemed to beneficially own any shares of common stock that are, or may be deemed to be, beneficially owned by Blesbok, but each disclaims such beneficial ownership except to the extent of his or its pecuniary interest therein.
2. Hampstead Associates, L.L.C. ("Hampstead") is the sole manager and sole member of ET Holdings, and in such capacities may be deemed to beneficially own any shares of common stock that are, or may be deemed to be, beneficially owned by ET Holdings, but disclaims such beneficial ownership except to the extent of its pecuniary interest therein. Ridgeview Associates, LLC ("Ridgeview") is the sole manager and sole member of Hampstead, and in such capacities may be deemed to beneficially own any shares of common stock that are, or may be deemed to be, beneficially owned by Hampstead, but disclaims such beneficial ownership except to the extent of its pecuniary interest therein.
3. Michael R. Milken and Lowell J. Milken are the managers of Ridgeview and in such capacities may be deemed to beneficially own any shares of common stock that are, or may be deemed to be, beneficially owned by Ridgeview, but each disclaims such beneficial ownership except to the extent of his pecuniary interest therein.
/s/ Stanley E. Maron, Secretary of BLESBOK LLC 07/18/2008
/s/ Stanley E. Maron, Secretary of ET HOLDINGS, L.L.C. 07/18/2008
/s/ Michael R. Milken, Manager of RIDGEVIEW ASSOCIATES, LLC, Manager of HAMPSTEAD ASSOCIATES, L.L.C. 07/18/2008
/s/ Michael R. Milken, Manager of RIDGEVIEW ASSOCIATES, LLC 07/18/2008
/s/ Michael R. Milken, An individual 07/18/2008
/s/ Lowell J. Milken, An individual 07/18/2008
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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