SEC Form 4 · accession 0001179110-18-005542

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

Apr 6, 2018

Accepted (ET)

Apr 10, 2018 · 4:19 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	Apr 6, 2018	M	12,643	$27.93	A	4,367,671	D
Class A Stock^F2	Apr 6, 2018	J	12,643	$27.93	D	4,355,028	D
Common Stock^F2	Apr 6, 2018	J	12,643	$27.93	A	4,367,671	D
Common Stock^F3	Apr 6, 2018	S	12,643	$38.68	D	4,355,028	D
Class A Stock^F1	Apr 9, 2018	M	24,434	$27.93	A	4,379,462	D
Class A Stock^F2	Apr 9, 2018	J	24,434	$27.93	D	4,355,028	D
Common Stock^F2,F4	Apr 9, 2018	J	24,434	$27.93	A	4,379,462	D
Common Stock^F5	Apr 9, 2018	S	24,434	$38.60	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)^F6	$27.93	Apr 6, 2018	M	12,643	D	—	Sep 24, 2018	Class A Stock	12,643	108,294	D
Employee Stock Option (right to buy)^F6	$27.93	Apr 9, 2018	M	24,434	D	—	Sep 24, 2018	Class A Stock	24,434	83,860	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 $38.57-$38.80, inclusive. The reporting person undertakes to provide to Scholastic Corporation, any holder of Scholastic Corporation stock 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.
F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.50-38.70, inclusive. The reporting person undertakes to provide to Scholastic Corporation, any holder of Scholastic Corporation stock 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 (4) to this Form 4.
F5See Exhibit 99.1 for a summary of holdings.
F6Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant.