SEC Form 4 · accession 0001179110-17-012101

SCHOLASTIC CORP · SCHL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — CEO, Chairman and President · Director · 10% Owner

Period of report

Sep 1, 2017

Accepted (ET)

Sep 6, 2017 · 4:48 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^F1	Sep 5, 2017	M	42,790	$39.34	A	4,391,186	D
Common Stock^F1,F2	Sep 5, 2017	F	22,880	$39.34	D	4,368,306	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1	—	Sep 5, 2017	M	42,790	D	Sep 2, 2017	Sep 2, 2017	Common Stock	42,790	0	D
Restricted Stock Units^F3	—	Sep 1, 2017	A	42,159	A	Sep 1, 2020	Sep 1, 2020	Common Stock	42,159	42,159	D

F1Restricted stock units ("RSUs") acquired by the reporting person on 9/2/14 under the MSPP in lieu of cash bonus; converted into shares of Common Stock on a one-for-one basis on 9/4/17, the first business day following expiration of the deferral period selected by the reporting person. RSU price is equal to 75% of the lowest closing price for the underlying Common Stock in the fiscal quarter ended August 31, 2014.
F2See Exhibit 99.1.
F3Acquired under the Scholastic Corporation Management Stock Purchase Plan in lieu of cash bonus; to be converted into shares of Common Stock on a one-for-one basis upon expiration of the deferral period selected by the reporting person. Vests on third anniversary of the award date. Price is equal to 75% of the lowest closing price for the underlying Common Stock in the fiscal quarter ended August 31, 2017.