SEC Form 4 · accession 0001179110-16-028895
SCHOLASTIC CORP · SCHL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Judith Newman
Officer — EVP, President, Book Clubs
Period of report
Aug 18, 2016
Accepted (ET)
Aug 22, 2016 · 4:51 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 18, 2016 | M | 400 | $22.81 | A | 23,191 | D | |
| Common Stock | Aug 18, 2016 | S | 400 | $41.25 | D | 22,791 | 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)F1 | $22.81 | Aug 18, 2016 | M | 400 | D | — | Aug 27, 2020 | Common Stock | 400 | 0 | D |
Explanation of responses
- F1Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant