SEC Form 4 · accession 0001179110-17-008902
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
Jun 8, 2017
Accepted (ET)
Jun 12, 2017 · 4:11 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 |
|---|---|---|---|---|---|---|---|---|
| Class A StockF1 | Jun 8, 2017 | M | 3,862 | $36.21 | A | 4,352,258 | D | |
| Class A StockF2 | Jun 8, 2017 | J | 3,862 | $36.21 | D | 4,348,396 | D | |
| Common StockF2 | Jun 8, 2017 | J | 3,862 | $36.21 | A | 4,352,258 | D | |
| Common StockF3,F4 | Jun 8, 2017 | S | 3,862 | $43.00 | D | 4,348,396 | 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)F5 | $36.21 | Jun 8, 2017 | M | 3,862 | D | — | Sep 19, 2017 | Class A Stock | 3,862 | 0 | 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.
- F3The sale of shares was made pursuant to a 10b5-1 plan.
- F4See Exhibit 99.1.
- F5Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant.