SEC Form 4 · accession 0001104659-15-066358

SCHOLASTIC CORP · SCHL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP, CAO & CFO

Period of report

Sep 17, 2015

Accepted (ET)

Sep 21, 2015 · 8:55 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000866729

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	Sep 17, 2015	M	468	$36.21	A	44,948	D
Common Stock^F1,F2	Sep 17, 2015	S	468	$44.01	D	44,480	D
Common Stock	Sep 17, 2015	M	4,246	$34.84	A	48,726	D
Common Stock^F1,F2	Sep 17, 2015	S	4,246	$44.01	D	44,480	D
Common Stock^F3	Sep 18, 2015	F	898	$43.66	D	43,582	D
Common Stock	holding	—	—		—	25	I	By son, as custodian

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Options (right to buy)^F4	$36.21	Sep 17, 2015	M	468	A	—	Sep 17, 2017	Common Stock	468	3,016	D
Employee Stock Option (right to buy)^F4	$34.84	Sep 17, 2015	M	4,246	A	—	Dec 11, 2017	Common Stock	5,528	27,339	D

F1Sales were made pursuant to a 10b5-1 plan.
F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.00-$44.02, inclusive. The reporting person undertakes to provide to Scholastic Corporation, any holder of Scholastic Corporation or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
F3Represents shares withheld to cover taxes owed upon the vesting of 1,740 restricted stock units.
F4Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant.