SEC Form 4 · accession 0001179110-17-010588
SCHOLASTIC CORP · SCHL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Judith Newman
Officer — EVP, President, Book Clubs
Period of report
Jul 20, 2017
Accepted (ET)
Jul 21, 2017 · 4:02 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 | Jul 20, 2017 | M | 101 | $28.18 | A | 14,085 | D | |
| Common StockF1 | Jul 20, 2017 | S | 101 | $46.25 | D | 13,984 | 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)F2 | $28.18 | Jul 20, 2017 | M | 101 | D | — | Oct 7, 2021 | Common Stock | 101 | 4,888 | D |
Explanation of responses
- F1The sale of shares was made pursuant to a 10b5-1 plan.
- F2Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant.