Bartholdson John A.'s Form 4 filing
Lincoln Educational Services Corp (LINC) · filed Jun 16, 2023
- Accession no.
- 0001019056-23-000274
- Filed
- Jun 16, 2023, 4:00 PM ET
- Trade date
- Jun 14, 2023
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 4 non-derivative transactions. Open-market sales total $1.25M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Bartholdson John A.CIK 0001382909 | Director, 10% Owner |
| Michas Alexis PCIK 0001044005 | 10% Owner |
| Juniper Targeted Opportunities, LPCIK 0001680619 | 10% Owner |
| Juniper Investment Company, LLCCIK 0001794034 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jun 14, 2023 | Common Stock, no par value per share | SSaleDisposed | −194,312 | $6.41F1 | −$1,245,539.92 | 2,076,870 | Indirect | |
| Jun 14, 2023 | Common Stock, no par value per share | JOtherDisposed | −470,647 | –F3 | – | 1,606,223 | Indirect | |
| Jun 14, 2023 | Common Stock, no par value per share | JOtherAcquired | +289,916 | –F4 | – | 306,309 | Indirect | |
| Jun 14, 2023 | Common Stock, no par value per share | JOtherAcquired | +144,963 | –F5 | – | 193,965 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- 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.
Referenced by the price of 1 transaction in Table I.
- 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.
Referenced by the price of 1 transaction in Table I.
- F4
Shares distributed for no consideration to Mr. Michas. See footnote 3 above.
Referenced by the price of 1 transaction in Table I.
- F5
Shares distributed for no consideration to Mr. Bartholdson. See footnote 3 above.
Referenced by the price of 1 transaction in Table I.