SEC Form 4 · accession 0001179110-17-005958
SCHOLASTIC CORP · SCHL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alan J Boyko
Officer — President, Schl Book Fairs
Period of report
Apr 10, 2017
Accepted (ET)
Apr 12, 2017 · 4:38 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 | Apr 10, 2017 | M | 5,000 | $35.24 | A | 38,204 | D | |
| Common StockF1 | Apr 10, 2017 | S | 5,000 | $42.749 | D | 33,204 | D | |
| Common Stock | Apr 11, 2017 | M | 5,000 | $28.18 | A | 38,204 | D | |
| Common StockF2 | Apr 11, 2017 | S | 5,000 | $43.078 | D | 33,204 | D | |
| Common StockF3 | holding | — | — | — | 4,382 | I | In 401(k) Plan |
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 | $35.24 | Apr 10, 2017 | M | 5,000 | D | — | Sep 18, 2017 | Common Stock | 5,000 | 900 | D |
| Employee Stock Option (right to buy)F4 | $28.18 | Apr 11, 2017 | M | 5,000 | D | — | Oct 7, 2021 | Common Stock | 5,000 | 9,989 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.66 to $42.91, inclusive. The reporting person undertakes to provide to Scholastic Corporation, any holder of Scholastic Corporation or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.70 to $43.32, inclusive. The reporting person undertakes to provide to Scholastic Corporation, any holder of Scholastic Corporation or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
- F3Includes 134 shares purchased in the 401(k) plan since the reporting person's last filing.
- F4Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant.