SEC Form 4 · accession 0001179110-15-011946

SCHOLASTIC CORP · SCHL

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

Reporting owner

Officer — CEO, Chairman and President · Director · 10% Owner

Period of report

Aug 7, 2015

Accepted (ET)

Aug 10, 2015 · 6:04 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
Class A Stock^F1	Aug 7, 2015	M	23,171	$36.41	A	4,517,325	D
Class A Stock^F2	Aug 7, 2015	J	23,171	$36.41	D	4,494,154	D
Common Stock^F2	Aug 7, 2015	J	23,171	$36.41	A	4,517,325	D
Common Stock^F3	Aug 7, 2015	S	2,871	$43.063	D	4,514,454	D
Common Stock	Aug 7, 2015	S	300	$43.09	D	4,514,154	D
Common Stock^F4	Aug 7, 2015	S	20,000	$43.03	D	4,494,154	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Emmployee Stock Option (right to buy)^F5	$36.41	Aug 7, 2015	M	23,271	D	—	Sep 21, 2015	Class A Stock	23,171	148,450	D

F1Represents the exercise of stock options due to expire on September 21, 2015.
F2Represents the conversion of Class A Stock to Common Stock.
F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.06-$43.07, 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 (3) to this Form 4.
F4See Exhibit 99.1.
F5Employee stock options vest ratably over a four year period beginning with the first anniversary of the date of grant.