SEC Form 4 · accession 0001179110-17-015119

SCHOLASTIC CORP · SCHL

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

Reporting owner

Officer — President, Schl Book Fairs

Period of report

Dec 6, 2017

Accepted (ET)

Dec 8, 2017 · 4:07 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	Dec 6, 2017	M	6,311	$30.17	A	43,557	D
Common Stock^F1,F2	Dec 6, 2017	S	6,311	$42.00	D	37,246	D
Common Stock	Dec 6, 2017	M	1,016	$30.17	A	38,262	D
Common Stock^F1,F2	Dec 6, 2017	S	1,016	$42.00	D	37,246	D
Common Stock	holding	—	—		—	4,465	I	In 401(k)Plan

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Options (right to buy)^F3	$30.17	Dec 6, 2017	M	6,311	D	—	Sep 17, 2023	Common Stock	6,311	14,676	D
Employee stock options (right to buy)^F3	$30.17	Dec 6, 2017	M	1,016	D	—	Sep 17, 2023	Common Stock	1,016	7,130	D

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 $42.00-$42.01, inclusive. The reporting person undertakes to provide to Scholastic Corporation, any shareholder 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.
F3Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant