SEC Form 4 · accession 0001179110-16-032955
SCHOLASTIC CORP · SCHL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Iole Lucchese
Officer — EVP, Chief Strategy Officer
Period of report
Dec 12, 2016
Accepted (ET)
Dec 14, 2016 · 5:20 pm EST
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 | Dec 12, 2016 | M | 2,720 | $33.60 | A | 29,412 | D | |
| Common StockF2 | Dec 12, 2016 | F | 1,965 | $46.53 | D | 27,447 | 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 | $33.60 | Dec 12, 2016 | M | 2,720 | D | — | Dec 12, 2016 | Common Stock | 2,720 | 0 | D |
Explanation of responses
- F1Reflects the auto-exercise of employee stock options upon expiration.
- F2Reflects shares removed to cover taxes upon the auto-exercise of stock options.
- F3Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant.