SEC Form 4 · accession 0001179110-16-027537
SCHOLASTIC CORP · SCHL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Maureen Oconnell
Officer — EVP, CAO & CFO
Period of report
Jul 5, 2016
Accepted (ET)
Jul 7, 2016 · 5:37 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 | Jul 5, 2016 | M | 600 | $28.18 | A | 46,418 | D | |
| Common StockF1 | Jul 5, 2016 | S | 600 | $40.00 | D | 45,818 | D | |
| Common Stock | holding | — | — | — | 25 | I | By son, as custodian |
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)F2 | $28.18 | Jul 5, 2016 | M | 600 | D | — | Oct 7, 2021 | Common Stock | 600 | 27,237 | D |
Explanation of responses
- F1Sales were made pursuant to a 10b5-1 plan.
- F2Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant.