SEC Form 4 · accession 0001179110-17-006111

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 17, 2017

Accepted (ET)

Apr 19, 2017 · 6:22 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 17, 2017	M	889	$35.24	A	34,093	D
Common Stock^F1	Apr 17, 2017	S	889	$42.184	D	33,204	D
Common Stock	Apr 17, 2017	M	3,512	$27.25	A	36,716	D
Common Stock^F2	Apr 17, 2017	S	3,512	$42.225	D	33,204	D
Common Stock	Apr 17, 2017	M	599	$28.18	A	33,803	D
Common Stock^F3	Apr 17, 2017	S	599	$42.188	D	33,204	D
Common Stock	Apr 18, 2017	M	1,488	$27.25	A	34,692	D
Common Stock^F4	Apr 18, 2017	S	1,488	$42.25	D	33,204	D
Common Stock	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)^F5	$35.24	Apr 17, 2017	M	889	D	—	Sep 18, 2017	Common Stock	889	0	D
Employee stock option (right to buy)^F5	$27.25	Apr 17, 2017	M	3,512	D	—	Jul 22, 2018	Common Stock	3,512	1,488	D
Employee stock option (right to buy)^F5	$28.18	Apr 17, 2017	M	599	D	—	Oct 7, 2021	Common Stock	599	0	D
Employee stock option (right to buy)^F5	$27.25	Apr 18, 2017	M	1,488	D	—	Jul 22, 2018	Common Stock	1,488	0	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 $42.07 to $42.23, 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 $42.06 to $42.43, 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.
F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.12 to $42.21, 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 (3) to this Form 4.
F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.02 to $42.44, 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 (4) to this Form 4.
F5Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant.