SEC Form 4 · accession 0001179110-18-005068

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

Mar 29, 2018

Accepted (ET)

Apr 2, 2018 · 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
Class A Stock^F1	Mar 29, 2018	M	1,200	$27.93	A	4,356,228	D
Class A Stock^F2	Mar 29, 2018	J	1,200	$27.93	D	4,355,028	D
Common Stock^F2	Mar 29, 2018	J	1,200	$27.93	A	4,356,228	D
Common Stock^F3,F4	Mar 29, 2018	S	1,200	$39.2258	D	4,355,028	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (right to buy)^F5	$27.93	Mar 29, 2018	M	1,200	D	—	Sep 24, 2018	Class A Stock	1,200	1,714,751	D

F1Represents the exercise of stock options due to expire on September 24, 2018.
F2Represents the conversion of Class A Stock to Common Stock.
F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.18-$39.30, 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 792 shares of Scholastic Common Stock purchased in the 401(k)Plan since the last filing. See Exhibit 99.1 for a breakdown of holdings.
F5Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant.