SEC Form 4 · accession 0001179110-16-027606

SCHOLASTIC CORP · SCHL

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

Reporting owner

Officer — EVP, CAO & CFO

Period of report

Jul 7, 2016

Accepted (ET)

Jul 11, 2016 · 6:47 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 7, 2016	M	6,000	$22.81	A	51,818	D
Common Stock^F1	Jul 7, 2016	S	6,000	$40.00	D	45,818	D
Common Stock	Jul 7, 2016	M	4,909	$28.18	A	50,727	D
Common Stock^F1	Jul 7, 2016	S	4,909	$40.00	D	45,818	D
Common Stock	Jul 7, 2016	M	23,289	$30.17	A	69,107	D
Common Stock^F1	Jul 7, 2016	S	23,289	$40.00	D	45,818	D
Common Stock	Jul 8, 2016	M	12,856	$28.18	A	58,674	D
Common Stock^F1,F2	Jul 8, 2016	S	12,856	$40.002	D	45,818	D
Common Stock	Jul 11, 2016	M	9,472	$28.18	A	55,290	D
Common Stock^F1	Jul 11, 2016	S	9,472	$40.00	D	45,518	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 Option (right to buy)^F3	$22.81	Jul 7, 2016	M	6,000	D	—	Aug 27, 2020	Common Stock	6,000	0	D
Employee stock option (right to buy)^F3	$28.18	Jul 7, 2016	M	4,909	D	—	Oct 7, 2021	Common Stock	4,909	22,328	D
Employee stock option (right to buy)^F3	$30.17	Jul 7, 2016	M	23,289	D	—	Sep 17, 2023	Common Stock	23,289	23,290	D
Employee stock option (right to buy)^F3	$28.18	Jul 8, 2016	M	12,856	D	—	Oct 7, 2021	Common Stock	12,856	9,472	D
Employee stock option (right to buy)^F3	$28.18	Jul 11, 2016	M	9,472	D	—	Oct 7, 2021	Common Stock	9,472	0	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 $40.00 to $40.04, 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.
F3Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant