SEC Form 4 · accession 0001104659-15-066806
SCHOLASTIC CORP · SCHL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Judith Newman
Officer — EVP, Pres., Bk Clubs
Period of report
Sep 21, 2015
Accepted (ET)
Sep 23, 2015 · 6:49 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 StockF1 | Sep 21, 2015 | F | 419 | $43.56 | D | 22,437 | D | |
| Common StockF2 | Sep 21, 2015 | F | 739 | $43.56 | D | 21,698 | D | |
| Common Stock | Sep 21, 2015 | A | 2,410 | $43.56 | A | 24,108 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock option (right to buy)F3 | $43.56 | Sep 21, 2015 | A | 15,972 | A | — | Sep 21, 2025 | Common Stock | 15,972 | 15,972 | D |
Explanation of responses
- F1Represents shares withheld to cover taxes owed upon the vesting of 850 restricted stock units.
- F2Represents shares withheld to cover taxes owed upon the vesting of 1,500 restricted stock units.
- F3The grant becomes exercisable in four equal installments beginning with the first anniversary of the date of grant.