SEC Form 4 · accession 0001179110-17-014718
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
Nov 28, 2017
Accepted (ET)
Nov 30, 2017 · 4:12 pm EST
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 | Nov 28, 2017 | M | 6,900 | $30.17 | A | 44,146 | D | |
| Common StockF1,F2 | Nov 28, 2017 | S | 6,900 | $40.03 | D | 37,246 | D | |
| Common Stock | Nov 29, 2017 | M | 3,100 | $30.17 | A | 40,346 | D | |
| Common StockF1 | Nov 29, 2017 | S | 3,100 | $40.00 | D | 37,246 | D | |
| Common Stock | Nov 29, 2017 | M | 10,000 | $30.17 | A | 47,246 | D | |
| Common StockF1,F3 | Nov 29, 2017 | S | 10,000 | $41.039 | D | 37,246 | D | |
| Common StockF4 | holding | — | — | — | 4,465 | 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 Options (right to buy)F5 | $30.17 | Nov 28, 2017 | M | 6,900 | D | — | Sep 17, 2023 | Common Stock | 6,900 | 21,617 | D |
| Employee stock options (right to buy)F5 | $30.17 | Nov 29, 2017 | M | 13,100 | D | — | Sep 17, 2023 | Common Stock | 13,100 | 8,517 | D |
Explanation of responses
- F1Sales were made pursuant to a 10b5-1 plan.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.00-$40.04, 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 $41.02-$41.06, 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.
- F4Includes 83 shares purchased by the reporting person since the last filing under the Scholastic Corporation 401(k) Plan.
- F5Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant