SEC Form 4 · accession 0001179110-16-029935
SCHOLASTIC CORP · SCHL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth J Cleary
Officer — SVP, Chief Accounting Officer
Period of report
Sep 20, 2016
Accepted (ET)
Sep 22, 2016 · 5:16 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 StockF1 | Sep 20, 2016 | A | 766 | $39.16 | A | 4,934 | D | |
| Common StockF2 | Sep 21, 2016 | F | 65 | $38.56 | D | 4,869 | 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)F3 | $39.16 | Sep 20, 2016 | A | 6,119 | A | — | Sep 20, 2026 | Common Stock | 6,119 | 6,119 | D |
Explanation of responses
- F1Includes 52 shares purchased by the reporting person since the last filing under the Scholastic Corporation Employee Stock Purchase Plan.
- F2Represents shares withheld to cover taxes owed upon the vesting of 172 restricted stock units.
- F3The grant becomes exercisable in four equal annual installments beginning with the first anniversary of the date of grant.