SEC Form 4 · accession 0001179110-15-012013
SCHOLASTIC CORP · SCHL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alan J Boyko
Officer — President, Schl Book Fairs
Period of report
Aug 10, 2015
Accepted (ET)
Aug 12, 2015 · 4:27 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 | Aug 10, 2015 | M | 25,000 | $36.92 | A | 48,175 | D | |
| Common StockF1 | Aug 10, 2015 | S | 22,415 | $43.003 | D | 25,760 | D | |
| Common StockF2 | holding | — | — | — | 4,013 | I | In 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (right to buy)F3 | $36.92 | Aug 10, 2015 | M | 25,000 | D | — | Aug 10, 2015 | Common Stock | 25,000 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.00 to $43.23, 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 (1) to this Form 4.
- F2Includes 253 shares purchased since the last Form 4 filing.
- F3Employee stock options vest ratably over a four year period beginning with the first anniversary of the date of grant.