InsiderTrades

Form 4 for LINC LINCOLN EDUCATIONAL SERVICES CORP

Accepted 2023-06-16 00:00:00 ET · period of report 2023-06-14 · accession 0001019056-23-000274 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X Filed Traded Ticker Insider Title Type Price Qty Owned ΔOwn Value
MI 2023-06-16 2023-06-14 LINC Juniper Targeted Opportunities, LP 10% J - Other — -35.8K 1.61M -2% —
I 2023-06-16 2023-06-14 LINC Juniper Targeted Opportunities, LP 10% S - Sale $6.41 -194.3K 2.08M -9% -$1.25M

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#TableSecurityDateCodeA/DSharesPriceOwned afterOwnExercise / expiryUnderlyingFootnotes
1 Common Common Stock, no par value per share 2023-06-14 J A 144,963 — 193,965 I John A. Bartholdson — — (F5) Shares distributed for no consideration to Mr. Bartholdson. See footnote 3 above.
2 Common Common Stock, no par value per share 2023-06-14 J A 289,916 — 306,309 I Alexis P. Michas — — (F4) Shares distributed for no consideration to Mr. Michas. See footnote 3 above.
3 Common Common Stock, no par value per share 2023-06-14 J D 470,647 — 1,606,223 I Juniper Targeted Opportunities L.P. — — (F3) On June 14, 2023, Juniper Targeted Opportunities distributed, for no consideration, 470,647 shares of Common Stock to its general partner, Juniper Targeted Opportunity Investors, LLC ("General Partner"), in an amount equal to the General Partner's pro rata interest in the shares held by Juniper Targeted Opportunities. On the same date, the General Partner, distributed, for no consideration, the shares of Common Stock it received from the Juniper Targeted Opportunities distribution to its members in an amount equal to each such member's pro rata interest in such shares. Mr. Michas received 289,926 shares of Common Stock in such distribution. Mr. Bartholdson received 144,963 shares of Common Stock in such distribution. (F2) As the investment manager of Juniper Targeted Opportunities, L.P. ("Juniper Targeted Opportunities"), Juniper Investment Company, LLC ("Juniper Investment Company") may be deemed to beneficially own the securities held by the Juniper Targeted Opportunities. Juniper Investment Company disclaims beneficial ownership of all the interests reported herein except to the extent of its pecuniary interest therein. Mr. John A. Bartholdson and Mr. Alexis P. Michas serve as the managing members of Juniper Investment Company and the general partners of Juniper Targeted Opportunities and as a result, Mr. Bartholdson and Mr. Michas share voting and dispositive power over such shares with Juniper Investment Company. Each of Mr. Bartholdson and Mr. Michas disclaims beneficial ownership of the holdings of Juniper Targeted Opportunities reflected herein except to the extent of his pecuniary interest therein.
4 Common Common Stock, no par value per share 2023-06-14 S D 194,312 $6.41 2,076,870 I Juniper Targeted Opportunities L.P. — — (F1) Represents the weighted average per share price with a range from $6.25 and $6.53. The reporting person undertakes to provide details of the trades to the Issuer or the Securities and Exchange Commission upon request. (F2) As the investment manager of Juniper Targeted Opportunities, L.P. ("Juniper Targeted Opportunities"), Juniper Investment Company, LLC ("Juniper Investment Company") may be deemed to beneficially own the securities held by the Juniper Targeted Opportunities. Juniper Investment Company disclaims beneficial ownership of all the interests reported herein except to the extent of its pecuniary interest therein. Mr. John A. Bartholdson and Mr. Alexis P. Michas serve as the managing members of Juniper Investment Company and the general partners of Juniper Targeted Opportunities and as a result, Mr. Bartholdson and Mr. Michas share voting and dispositive power over such shares with Juniper Investment Company. Each of Mr. Bartholdson and Mr. Michas disclaims beneficial ownership of the holdings of Juniper Targeted Opportunities reflected herein except to the extent of his pecuniary interest therein.