UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                 SCHEDULE 13D
                              (Amendment No. 1)

                   Under the Securities Exchange Act of 1934

                   LINCOLN EDUCATIONAL SERVICES CORPORATION
                               -----------------
                                (Name of Issuer)

                     Common Stock, No Par Value Per Share
                         -----------------------------
                         (Title of Class of Securities)

                                  533535100
                                  ---------
                                (CUSIP Number)

                               Gregory D. Hitchan
                         Blum Capital Partners, L.P.
                       909 Montgomery Street, Suite 400
                           San Francisco, CA 94133
                                (415) 434-1111
                                --------------
               (Name, Address and Telephone Number of Person
              Authorized to Receive Notices and Communications)

                               January 11, 2007
                                --------------
           (Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Section 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g),
check the following box [ ].

Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 for other
parties to whom copies are to be sent.

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).


                                Page 1 of 12

CUSIP NO. 533535100            SCHEDULE 13D                     Page 2 of 12

- ------------------------------------------------------------------------------
 1.  NAME OF REPORTING PERSON                      BLUM CAPITAL PARTNERS, L.P.

    I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)      94-3205364
- ------------------------------------------------------------------------------
 2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [x]
                                                                       (b) [x]
- ------------------------------------------------------------------------------
 3.  SEC USE ONLY

- ------------------------------------------------------------------------------
 4.  SOURCE OF FUNDS*                                               See Item 3

- ------------------------------------------------------------------------------
 5.  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]
- ------------------------------------------------------------------------------
 6.  CITIZENSHIP OR PLACE OF ORGANIZATION                           California

- ------------------------------------------------------------------------------
                    7.  SOLE VOTING POWER                                  -0-

   NUMBER OF       -----------------------------------------------------------
   SHARES           8.  SHARED VOTING POWER                       1,078,928**
   BENEFICIALLY
   OWNED BY EACH   -----------------------------------------------------------
   PERSON WITH      9.  SOLE DISPOSITIVE POWER                             -0-

                   -----------------------------------------------------------
                   10.  SHARED DISPOSITIVE POWER                  1,078,928**

- ------------------------------------------------------------------------------
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,078,928**

- ------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
     CERTAIN SHARES                                                        [ ]
- ------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                 4.2%**

- ------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON                                           PN, IA

- ------------------------------------------------------------------------------
** See Item 5

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!



CUSIP NO. 533535100            SCHEDULE 13D                     Page 3 of 12

- ------------------------------------------------------------------------------
 1.  NAME OF REPORTING PERSON               RICHARD C. BLUM & ASSOCIATES, INC.

    I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)       94-2967812
- ------------------------------------------------------------------------------
 2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [x]
                                                                       (b) [x]
- ------------------------------------------------------------------------------
 3.  SEC USE ONLY

- ------------------------------------------------------------------------------
 4.  SOURCE OF FUNDS*                                               See Item 3

- ------------------------------------------------------------------------------
 5.  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]
- ------------------------------------------------------------------------------
 6.  CITIZENSHIP OR PLACE OF ORGANIZATION                           California

- ------------------------------------------------------------------------------
                    7.  SOLE VOTING POWER                                  -0-

   NUMBER OF       -----------------------------------------------------------
   SHARES           8.  SHARED VOTING POWER                       1,078,928**
   BENEFICIALLY
   OWNED BY EACH   -----------------------------------------------------------
   PERSON WITH      9.  SOLE DISPOSITIVE POWER                             -0-

                   -----------------------------------------------------------
                   10.  SHARED DISPOSITIVE POWER                  1,078,928**

- ------------------------------------------------------------------------------
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,078,928**

- ------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
     CERTAIN SHARES                                                        [ ]
- ------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                 4.2%**

- ------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON                                               CO

- ------------------------------------------------------------------------------
** See Item 5

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!



 CUSIP NO. 533535100            SCHEDULE 13D                     Page 4 of 12

- -----------------------------------------------------------------------------
 1.  NAME OF REPORTING PERSON                   BLUM STRATEGIC GP III, L.L.C.

    I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)      04-3809436
- -----------------------------------------------------------------------------
 2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                (a) [x]
                                                                      (b) [x]
- -----------------------------------------------------------------------------
 3.  SEC USE ONLY

- -----------------------------------------------------------------------------
 4.  SOURCE OF FUNDS*                                              See Item 3

- -----------------------------------------------------------------------------
 5.  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) or 2(e)                                       [ ]
- -----------------------------------------------------------------------------
 6.  CITIZENSHIP OR PLACE OF ORGANIZATION                            Delaware

- -----------------------------------------------------------------------------
                    7.  SOLE VOTING POWER                                 -0-

   NUMBER OF       ----------------------------------------------------------
   SHARES           8.  SHARED VOTING POWER                      1,078,928**
   BENEFICIALLY
   OWNED BY EACH   ----------------------------------------------------------
   PERSON WITH      9.  SOLE DISPOSITIVE POWER                            -0-

                   ----------------------------------------------------------
                   10.  SHARED DISPOSITIVE POWER                 1,078,928**

- -----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,078,928**

- -----------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
     CERTAIN SHARES                                                       [ ]
- -----------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                4.2%**

- -----------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON                  OO (Limited Liability Company)

- -----------------------------------------------------------------------------
** See Item 5

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!

CUSIP NO. 533535100              SCHEDULE 13D                    Page 5 of 12

- -----------------------------------------------------------------------------
 1.  NAME OF REPORTING PERSON                     BLUM STRATEGIC GP III, L.P.

    I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)     02-0742606
- -----------------------------------------------------------------------------
 2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                (a) [x]
                                                                      (b) [x]
- -----------------------------------------------------------------------------
 3.  SEC USE ONLY

- -----------------------------------------------------------------------------
 4.  SOURCE OF FUNDS*                                              See Item 3

- -----------------------------------------------------------------------------
 5.  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) or 2(e)                                       [ ]
- -----------------------------------------------------------------------------
 6.  CITIZENSHIP OR PLACE OF ORGANIZATION                            Delaware

- -----------------------------------------------------------------------------
                    7.  SOLE VOTING POWER                                 -0-

   NUMBER OF       ----------------------------------------------------------
   SHARES           8.  SHARED VOTING POWER                      1,078,928**
   BENEFICIALLY
   OWNED BY EACH   ----------------------------------------------------------
   PERSON WITH      9.  SOLE DISPOSITIVE POWER                            -0-

                   ----------------------------------------------------------
                   10.  SHARED DISPOSITIVE POWER                 1,078,928**

- -----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,078,928**

- -----------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
     CERTAIN SHARES                                                       [ ]
- -----------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                4.2%**

- -----------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON                                              PN

- -----------------------------------------------------------------------------
** See Item 5

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!

CUSIP NO. 533535100              SCHEDULE 13D                    Page 6 of 12

- -----------------------------------------------------------------------------
 1.  NAME OF REPORTING PERSON                 SADDLEPOINT PARTNERS GP, L.L.C.

     I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)    83-0424234
- -----------------------------------------------------------------------------
 2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                (a) [x]
                                                                      (b) [x]
- -----------------------------------------------------------------------------
 3.  SEC USE ONLY

- -----------------------------------------------------------------------------
 4.  SOURCE OF FUNDS*                                              See Item 3

- -----------------------------------------------------------------------------
 5.  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
     PURSUANT TO ITEMS 2(d) or 2(e)                                       [ ]
- -----------------------------------------------------------------------------
 6.  CITIZENSHIP OR PLACE OF ORGANIZATION                            Delaware

- -----------------------------------------------------------------------------
                    7.  SOLE VOTING POWER                                 -0-

   NUMBER OF       ----------------------------------------------------------
   SHARES           8.  SHARED VOTING POWER                      1,078,928**
   BENEFICIALLY
   OWNED BY EACH   ----------------------------------------------------------
   PERSON WITH      9.  SOLE DISPOSITIVE POWER                            -0-

                   ----------------------------------------------------------
                   10.  SHARED DISPOSITIVE POWER                 1,078,928**

- -----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,078,928**

- -----------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
     CERTAIN SHARES                                                       [ ]
- -----------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                4.2%**

- -----------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON                 OO (Limited Liability Company)

- -----------------------------------------------------------------------------
** See Item 5

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!





CUSIP NO. 533535100            SCHEDULE 13D                     Page 7 of 12

Item 1.  Security and Issuer
- ----------------------------

This Amendment No. 1 amends the Statement on Schedule 13D (the "Schedule 13D")
filed with the Securities and Exchange Commission (the "Commission") on January
9, 2006 by Blum Capital Partners, L.P., a California limited partnership,
("Blum LP"); Richard C. Blum & Associates, Inc., a California corporation
("RCBA Inc."); Blum Strategic GP III, L.L.C., a Delaware limited liability
Company ("Blum GP III"); Blum Strategic GP III, L.P., a Delaware limited
partnership ("Blum GP III LP"); and Saddlepoint Partners GP, L.L.C., a
Delaware limited liability company ("Saddlepoint GP") (collectively, the
"Reporting Persons").  This amendment relates to shares of common stock,
no par value per share (the "Common Stock") of Lincoln Educational Services
Corporation, a New Jersey corporation (the "Issuer").  The principal executive
office and mailing address of the Issuer is 200 Executive Drive, Suite 340,
West Orange, NJ 07052.  The following amendments to the Schedule 13D are hereby
made.  Unless otherwise defined herein, all capitalized terms shall have the
meaning ascribed to them in the Schedule 13D.


Item 2.  Identity and Background
- --------------------------------

Item 2 of the Schedule 13D is hereby amended to add the following:

Blum LP is a California limited partnership whose principal business is acting
as general partner for investment partnerships and providing investment
advisory services.  Blum LP is an investment advisor registered with the
Securities and Exchange Commission.  The sole general partner of Blum LP is
RCBA Inc.

The principal business office address of Blum LP and RCBA Inc. is 909
Montgomery Street, Suite 400, San Francisco, California 94133.  The names
of the executive officers and directors of RCBA Inc., their addresses,
citizenship and principal occupations are as follows:

Name and               Business             Citizenship  Principal Occupation
Office Held            Address                              or Employment
- --------------------  ----------------------- ---------  --------------------

Richard C. Blum       909 Montgomery St.       USA       President & Chairman,
President,            Suite 400                          Blum LP
Chairman & Director   San Francisco, CA 94133

Nils Colin Lind       909 Montgomery St.       USA and   Managing Partner,
Managing Partner      Suite 400                Norway    Blum LP
& Director            San Francisco, CA 94133

John H. Park          909 Montgomery St.       USA       Partner,
Partner               Suite 400                          Blum LP
                      San Francisco, CA 94133

Gregory L. Jackson    909 Montgomery St.       USA       Partner,
Partner               Suite 400                          Blum LP
                      San Francisco, CA 94133

CUSIP NO. 533535100            SCHEDULE 13D                     Page 8 of 12


Name and              Business                Citizen-   Principal Occupation
Office Held           Address                  ship       or Employment
- --------------------  -----------------------  ---------  -------------------

Jane J. Su            909 Montgomery St.       USA       Partner,
Partner               Suite 400                          Blum LP
                      San Francisco, CA 94133

David H.S. Chung      909 Montgomery St.       USA       Partner,
Partner               Suite 400                          Blum LP
                      San Francisco, CA 94133

Nadine F. Terman      909 Montgomery St.       USA       Partner,
Partner               Suite 400                          Blum LP
                      San Francisco, CA 94133

Gregory D. Hitchan    909 Montgomery St.       USA       Partner, Chief
Partner, Chief        Suite 400                          Operating Officer,
Operating Officer,    San Francisco, CA 94133            General Counsel and
General Counsel and                                      Secretary, Blum LP
Secretary

Marc T. Scholvinck    909 Montgomery St.       USA       Partner & Chief
Partner, Chief        Suite 400                          Financial Officer,
Financial Officer,    San Francisco, CA 94133            Blum LP
Assistant Secretary
& Director

William Scott Hartman 909 Montgomery St.       USA       Partner,
Partner               Suite 400                          Blum LP
                      San Francisco, CA 94133

Blum GP III is a Delaware limited liability company whose principal
business is acting as the general partner of Blum GP III LP, a Delaware
limited partnership, whose principal business is acting as the general
partner of Blum Strategic Partners III, L.P., a Delaware limited partnership
("Blum Strategic III") whose principal office is 909 Montgomery Street,
Suite 400, San Francisco, California 94133.

The principal business office address of Blum GP III and Blum GP III LP
is 909 Montgomery Street, Suite 400, San Francisco, California 94133.
The names of the managing members and members of Blum GP III, their
addresses, citizenship and principal occupations are as follows:

Name and              Business                Citizen-   Principal Occupation
Office Held           Address                  ship       or Employment
- --------------------  -----------------------  ---------  -------------------

Richard C. Blum      909 Montgomery St.        USA       President & Chairman,
Managing Member      Suite 400                           Blum LP
                     San Francisco, CA 94133

Nils Colin Lind      909 Montgomery St.        USA and   Managing Partner,
Managing Member      Suite 400                 Norway    Blum LP
                     San Francisco, CA 94133



CUSIP NO. 533535100            SCHEDULE 13D                     Page 9 of 12

Name and              Business                Citizen-   Principal Occupation
Office Held           Address                  ship       or Employment
- --------------------  -----------------------  ---------  -------------------

John H. Park         909 Montgomery St.       USA       Partner,
Managing Member      Suite 400                          Blum L.P.
                     San Francisco, CA 94133

Gregory L. Jackson   909 Montgomery St.       USA       Partner,
Managing Member      Suite 400                          Blum L.P.
                     San Francisco, CA 94133

Jane J. Su           909 Montgomery St.        USA       Partner,
Member               Suite 400                           Blum LP
                     San Francisco, CA 94133

David H.S. Chung     909 Montgomery St.        USA       Partner,
Member               Suite 400                           Blum LP
                     San Francisco, CA 94133

Nadine F. Terman     909 Montgomery St.        USA       Partner,
Member               Suite 400                           Blum LP
                     San Francisco, CA 94133

Gregory D. Hitchan   909 Montgomery St.        USA       Partner, Chief
Managing Member      Suite 400                           Operating Officer,
                     San Francisco, CA 94133             General Counsel and
                                                         Secretary, Blum LP

Marc T. Scholvinck   909 Montgomery St.        USA       Partner & Chief
Member               Suite 400                           Financial Officer,
                     San Francisco, CA 94133             Blum LP

William Scott Hartman 909 Montgomery St.       USA       Partner,
Member                Suite 400                          Blum LP
                      San Francisco, CA 94133

Saddlepoint GP is a Delaware limited liability company whose principal
business is acting as the general partner of Saddlepoint Partners, L.P.,
a Delaware limited partnership ("Saddlepoint LP"), and Saddlepoint Partners
(Cayman), L.P., a Cayman Islands exempted limited partnership ("Saddlepoint
(Cayman) LP").  The principal business office address of Saddlepoint GP,
Saddlepoint LP and Saddlepoint (Cayman) LP is 909 Montgomery Street, Suite
400, San Francisco, California 94133.  Blum L.P. is the managing member of
Saddlepoint GP.  RCBA Inc. is the sole general partner of Blum L.P. The
principal business office for Blum L.P. and RCBA Inc. and the names of the
executive officers and directors of RCBA Inc. and their addresses,
citizenship and principal occupations are disclosed above.

To the best knowledge of the Reporting Persons, none of the entities or
persons identified in this Item 2 has, during the past five years, been
convicted of any criminal proceeding (excluding traffic violations or
similar misdemeanors), nor been a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction and as a result of such
proceeding was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to,
federal or state securities laws or finding any violation with respect to


CUSIP NO. 533535100            SCHEDULE 13D                     Page 10 of 12

such laws.


Item 5.  Interest in Securities of the Issuer
- ---------------------------------------------

(a), (b) According to the Issuer's Form 10-Q filed with the Securities and
Exchange Commission on November 14, 2006, there were 25,440,695 shares of
Common Stock issued and outstanding as of November 13, 2006.  Based on such
information, after taking into account the transactions described in
Item 5(c) below, the Reporting Persons report beneficial ownership of the
following shares of Common Stock:  (i) 180,220 shares of Common Stock held
by Blum L.P. and RCBA Inc. on behalf of the limited partnerships for which
Blum L.P. serves as the general partner, which represents 0.7% of the
outstanding shares of the Common Stock; (ii) 826,508 shares of the Common
Stock held by Blum GP III which serves as general partner of Blum GP III LP
which, in turn, serves as the general partner of Blum Strategic III, which
represents 3.2% of the outstanding shares of the Common Stock; (iii) 59,400
shares of the Common Stock held by Saddlepoint GP on behalf of a partnership
for which it serves as the general partner, which represents 0.2% of the
outstanding shares of the Common Stock; and (iv) 6,400 shares of the Common
Stock that are legally owned by The Nuclear Decommissioning Trust of Dominion
Nuclear Connecticut, Inc. ("Dominion Connecticut"), which represents less
than 0.1% of the outstanding shares of the Common Stock and 6,400 shares of
the Common Stock that are legally owned by Virginia Electric and Power
Company Qualified Nuclear Decommissioning Trust ("Virginia Electric"), which
represents less than 0.1% of the outstanding shares of the Common Stock
(collectively, the "Investment Advisory Clients"), with respect to which
Blum L.P. has voting and investment power.  Each Investment Advisory Client
has entered into an investment management agreement with Blum L.P., but
neither Investment Advisory Client has any contract, arrangement or
understanding with the other Investment Advisory Client, or any other
Reporting Person, with respect to the acquisition, ownership, disposition
or voting of any shares of the Common Stock.  Each Investment Advisory Client
disclaims membership in a group with any Reporting Person or with the other
Investment Advisory Client, and each disclaims beneficial ownership of any
shares beneficially owned by the Reporting Persons other than for their own
account.

Voting and investment power concerning the above shares are held solely by
Blum L.P., Blum GP III and Saddlepoint GP.  The Reporting Persons therefore
may be deemed to be members in a group, in which case the group would be
deemed to have beneficial ownership of an aggregate of 1,078,928 shares of
the Common Stock, which is 4.2% of the outstanding Common Stock.  As the sole
general partner of Blum L.P., RCBA Inc. is deemed the beneficial owner of the
securities over which Blum L.P. has voting and investment power.  The filing
of this Schedule shall not be construed as an admission that any of the
shareholders, directors or executive officers of RCBA Inc. or the managing
members and members of Blum GP III, Blum GP III LP and Saddlepoint GP, is,
for any purpose, the beneficial owner of any of the securities that are
beneficially owned by RCBA Inc., Blum GP III LP, Blum GP III or
Saddlepoint GP.


CUSIP NO. 533535100            SCHEDULE 13D                     Page 11 of 12



c) During the last 60 days, the Reporting Persons sold the following
shares of Common Stock in the open market:


Entity                            Trade Date    Shares   Price/Share
- ------                            ----------    ------   ------------
Investment partnerships for        11-28-06     13,900     12.7610
which Blum L.P. serves as the      01-09-07     21,500     12.0001
general partner and on behalf      01-10-07      1,100     12.0701
of an entity for which             01-11-07      5,000     12.0010
Blum LP serves as an               01-16-07      2,400     12.0031
Investment advisor                 01-22-07     29,500     12.2530


Entity                           Trade Date    Shares    Price/Share
- ------                            ---------    -------   ----------
For Blum Strategic III for        01-09-07     98,689     12.0001
which Blum GP III LP              01-10-07      5,031     12.0701
serves as the general partner     01-11-07     23,723     12.0010
and for Blum GP III which         01-16-07     10,358     12.0031
serves as the general             01-22-07    135,449     12.2530
partner for Blum GP III LP.


Entity                            Trade Date    Shares   Price/Share
- ------                            ----------    -------   ----------
The partnership for which          01-09-07      7,100     12.0001
Saddlepoint GP serves as           01-10-07        400     12.0701
general partner.                   01-11-07      1,700     12.0010
                                   01-16-07        800     12.0031
                                   01-22-07      9,800     12.2530

Entity                            Trade Date    Shares   Price/Share
- ------                            ----------    ------   ------------
The Investment Advisory            01-09-07      1,600     12.0001
Clients for which Blum L.P.        01-11-07        400     12.0010
serves as investment advisor.      01-16-07        200     12.0031
                                   01-22-07      2,200     12.2530

(d) Not applicable.


(e) As of January 11, 2007, the Reporting Persons ceased to be
beneficial owners of more than five percent of the Common Stock.

Item 7.  Material to be Filed as Exhibits



- -----------------------------------------
Exhibit A  Joint Filing Undertaking.






CUSIP NO. 533535100            SCHEDULE 13D                    Page 12 of 12

                                  SIGNATURES

After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.


Dated:  January 23, 2007

RICHARD C. BLUM & ASSOCIATES, INC.    BLUM CAPITAL PARTNERS, L.P.
                                      By: Richard C. Blum & Associates, Inc.
                                          Its General Partner



By: /s/ Gregory D. Hitchan            By: /s/ Gregory D. Hitchan
    -------------------------------      -----------------------------------
    Gregory D. Hitchan                    Gregory D. Hitchan
    Partner, Chief Operating Officer,     Partner, Chief Operating Officer,
    General Counsel and Secretary         General Counsel and Secretary



BLUM STRATEGIC GP III, L.L.C.         BLUM STRATEGIC GP III, L.P.
                                      By:  Blum Strategic GP III, L.L.C.
                                           Its General Partner





By: /s/ Gregory D. Hitchan              By:  /s/ Gregory D. Hitchan
     -------------------------------    ------------------------------------
     Gregory D. Hitchan                 Gregory D. Hitchan
     Managing Member                    Managing Member



SADDLEPOINT PARTNERS GP, L.L.C.
By:  Blum Capital Partners, L.P.
     Its Managing Member
By:  Richard C. Blum & Associates, Inc.
     Its General Partner


By: /s/ Gregory D. Hitchan
   ----------------------------
     Gregory D. Hitchan,
     Partner, Chief Operating Officer,
     General Counsel and Secretary


CUSIP NO. 533535100             SCHEDULE 13D                    Page 1 of 1

                                   Exhibit A
                           JOINT FILING UNDERTAKING

The undersigned, being duly authorized thereunto, hereby execute this
agreement as an exhibit to this Schedule 13D to evidence the agreement of the
below-named parties, in accordance with the rules promulgated pursuant to the
Securities Exchange Act of 1934, to file this Schedule jointly on behalf of
each such party.

Dated:  January 23, 2007

RICHARD C. BLUM & ASSOCIATES, INC.    BLUM CAPITAL PARTNERS, L.P.
                                      By: Richard C. Blum & Associates, Inc.
                                          Its General Partner



By: /s/ Gregory D. Hitchan            By: /s/ Gregory D. Hitchan
    -------------------------------      -----------------------------------
    Gregory D. Hitchan                    Gregory D. Hitchan
    Partner, Chief Operating Officer,     Partner, Chief Operating Officer,
    General Counsel and Secretary         General Counsel and Secretary



BLUM STRATEGIC GP III, L.L.C.         BLUM STRATEGIC GP III, L.P.
                                      By:  Blum Strategic GP III, L.L.C.
                                           Its General Partner





By: /s/ Gregory D. Hitchan              By:  /s/ Gregory D. Hitchan
     -------------------------------    ------------------------------------
     Gregory D. Hitchan                 Gregory D. Hitchan
     Managing Member                    Managing Member



SADDLEPOINT PARTNERS GP, L.L.C.
By:  Blum Capital Partners, L.P.
     Its Managing Member
By:  Richard C. Blum & Associates, Inc.
     Its General Partner


By: /s/ Gregory D. Hitchan
   ----------------------------
   Gregory D. Hitchan,
   Partner, Chief Operating Officer,
   General Counsel and Secretary