4//SEC Filing
Juniper Targeted Opportunity Fund, L.P. 4
Accession 0001019056-21-000622
CIK 0001286613other
Filed
Dec 1, 7:00 PM ET
Accepted
Dec 2, 4:01 PM ET
Size
13.8 KB
Accession
0001019056-21-000622
Insider Transaction Report
Form 4
Juniper Investment Company, LLC
DirectorChairman
Transactions
- Purchase
Common Stock, no par value per share
2021-11-30$7.02/sh+11,300$79,276→ 640,469 total(indirect: Juniper Targeted Opportunity Fund, L.P.) - Purchase
Common Stock, no par value per share
2021-12-01$7.15/sh+117,227$838,091→ 757,696 total(indirect: Juniper Targeted Opportunity Fund, L.P.)
Holdings
- 14,000(indirect: Juniper Multi-Strategy Fund, L.P.)
Common Stock, no par value per share
- 11,200(indirect: See footnote)
Series A Convertible Preferred Stock
→ Common Stock (4,745,765 underlying)
Transactions
- Purchase
Common Stock, no par value per share
2021-12-01$7.15/sh+117,227$838,091→ 757,696 total(indirect: Juniper Targeted Opportunity Fund, L.P.) - Purchase
Common Stock, no par value per share
2021-11-30$7.02/sh+11,300$79,276→ 640,469 total(indirect: Juniper Targeted Opportunity Fund, L.P.)
Holdings
- 14,000(indirect: Juniper Multi-Strategy Fund, L.P.)
Common Stock, no par value per share
- 11,200(indirect: See footnote)
Series A Convertible Preferred Stock
→ Common Stock (4,745,765 underlying)
Footnotes (6)
- [F1]The reported price is a weighted average price. The shares were purchased on November 30, 2021 in multiple transactions on the open market at prices ranging from $6.945 to $7.07 by Juniper Targeted Opportunity Fund, L.P. ("Juniper Fund"). Juniper Investment Company, LLC ("Juniper") serves as the investment manager of Juniper Fund. The Reporting Persons undertake to provide to the Issuer or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F2]As the investment manager of Juniper Fund, Juniper may be deemed to beneficially own the securities held by the Juniper Fund. Juniper disclaims beneficial ownership of all the interests reported herein except to the extent of its pecuniary interest therein.
- [F3]The reported price is a weighted average price. The shares were purchased on December 1, 2021 in multiple transactions on the open market at prices ranging from $7.095 to $7.24 by Juniper Fund. The Reporting Persons undertake to provide to the Issuer or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F4]As the investment manager of Juniper Multi-Strategy Fund, L.P. ("Juniper Multi-Strategy Fund") Juniper may be deemed to beneficially own the securities held by Juniper Multi-Strategy Fund. Juniper disclaims beneficial ownership of all the interests reported herein except to the extent of its pecuniary interest therein.
- [F5]Represents an aggregate of 11,200 shares of the Issuer's Series A Convertible Preferred Stock ("Series A Preferred") of which Juniper Fund and Juniper Targeted Opportunities, L.P. ("Juniper Targeted Opportunities") hold 3,500 shares and 7,700 shares, respectively. The Series A Preferred is convertible into the Issuer's Common Stock on a 423.729-for-one basis (when issued and such conversion ratio is subject to increase in the event that dividends on Series A shares are not paid in cash). Series A is convertible at any time at the holder's election and has no expiration date. Beginning on November 14, 2022, the holder may be required by the Issuer to convert the Series A into Common Stock upon satisfaction of certain requirements.
- [F6](Footnote 5 continued). Juniper serves as the investment manager of Juniper Fund and Juniper Targeted Opportunities and may be deemed to beneficially own the securities held by them. Juniper disclaims beneficial ownership of all interests reported herein except to the extent of its pecuniary interest therein.
Documents
Issuer
LINCOLN EDUCATIONAL SERVICES CORP
CIK 0001286613
Entity typeother
IncorporatedNJ
Related Parties
1- filerCIK 0001524397
Filing Metadata
- Form type
- 4
- Filed
- Dec 1, 7:00 PM ET
- Accepted
- Dec 2, 4:01 PM ET
- Size
- 13.8 KB