SEC Form 4 · accession 0001179110-18-010736
SCHOLASTIC CORP · SCHL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Judith Newman
Officer — EVP, President, Book Clubs
Period of report
Aug 17, 2018
Accepted (ET)
Aug 21, 2018 · 5:10 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 17, 2018 | M | 4,888 | $28.18 | A | 19,157 | D | |
| Common StockF1 | Aug 17, 2018 | S | 4,888 | $41.362 | D | 14,269 | D | |
| Common Stock | Aug 17, 2018 | M | 23,289 | $30.17 | A | 37,558 | D | |
| Common StockF2 | Aug 17, 2018 | S | 23,289 | $41.30 | D | 14,269 | D |
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)F3 | $28.18 | Aug 17, 2018 | M | 4,888 | D | — | Oct 7, 2021 | Common Stock | 4,888 | 0 | D |
| Employee stock options (right to buy)F3 | $30.17 | Aug 17, 2018 | M | 23,289 | D | — | Sep 17, 2023 | Common Stock | 23,289 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.28-$41.58, 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 (1) to this Form 4.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.20-$41.44, 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 (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.