SEC Form 4 · accession 0001179110-17-015735
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
Dec 18, 2017
Accepted (ET)
Dec 20, 2017 · 6:39 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 StockF1,F2,F3 | Dec 18, 2017 | S | 3,500 | $40.33 | D | 27,238 | I | sale made by and shares owned by son |
| Common StockF4,F5 | Dec 18, 2017 | J | 697 | $40.105 | D | 4,364,236 | D | |
| Common StockF6,F7 | Dec 18, 2017 | G | 680 | $0.00 | D | 4,364,236 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a sale of shares by the reporting person's son whose shares are included as indirectly owned by the reporting person.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.30-$40.36, 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 27,238 shares are included in the 4,364,236 shares reported in column 5 and on exhibit 99.1.
- F4Represents the sale of shares under a mandatory required distribution in the 401(k) Plan.
- F5Includes an increase in number of shares in the 401(k) Plan since the last report relating to the 401(k) Plan.
- F6Represents a gift of 340 shares to each of his sons, which shares continue to be deemed beneficially owned by the reporting person.
- F7See Exhibit 99.1.