SEC Form 4 · accession 0001179110-17-001068
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 17, 2017
Accepted (ET)
Jan 19, 2017 · 4:21 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 17, 2017 | M | 400 | $36.21 | A | 4,348,054 | D | |
| Class A StockF2 | Jan 17, 2017 | J | 400 | $36.21 | D | 4,347,654 | D | |
| Common StockF2 | Jan 17, 2017 | J | 400 | $36.21 | A | 4,348,054 | D | |
| Common StockF3 | Jan 17, 2017 | S | 400 | $46.25 | D | 4,347,654 | 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)F4 | $36.21 | Jan 17, 2017 | M | 400 | D | — | Sep 19, 2017 | Class A Stock | 400 | 146,332 | 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.
- F3See Exhibit 99.1
- F4Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant.