SEC Form 4 · accession 0001179110-17-000652
SCHOLASTIC CORP · SCHL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Robinson
Officer — CEO, Chairman and President · Director · 10% Owner
Period of report
Jan 4, 2017
Accepted (ET)
Jan 6, 2017 · 4:38 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 |
|---|---|---|---|---|---|---|---|---|
| Class A StockF1 | Jan 4, 2017 | M | 2,000 | $36.21 | A | 4,354,680 | D | |
| Class A StockF2 | Jan 4, 2017 | J | 2,000 | $36.21 | D | 4,352,680 | D | |
| Common StockF2 | Jan 4, 2017 | J | 2,000 | $36.21 | A | 4,354,680 | D | |
| Common Stock | Jan 4, 2017 | S | 2,000 | $47.32 | D | 4,352,680 | D | |
| Class A StockF1 | Jan 5, 2017 | M | 580 | $36.21 | A | 4,353,260 | D | |
| Class A StockF2 | Jan 5, 2017 | J | 580 | $36.21 | D | 4,352,680 | D | |
| Common StockF2 | Jan 5, 2017 | J | 580 | $36.21 | A | 4,353,260 | D | |
| Common StockF4 | Jan 5, 2017 | S | 580 | $47.45 | D | 4,352,680 | 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 | $36.21 | Jan 4, 2017 | M | 2,000 | D | — | Sep 19, 2017 | Class A Stock | 2,000 | 213,907 | D |
| Employee Stock Option (right to buy)F3 | $36.21 | Jan 5, 2017 | M | 580 | D | — | Sep 19, 2017 | Class A Stock | 580 | 213,327 | D |
Explanation of responses
- F1Represents the exercise of stock options due to expire on September 19, 2017.
- F2Represents the conversion of Class A Stock to Common Stock.
- F3Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant.
- F4See Exhibit 99.1.