SCHOLASTIC CORP — Director's Dealing 2010

Sep 24, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SCHOLASTIC CORP (SCHL)
CIK: 0000866729
Period of Report: 2010-08-27

Reporting Person: MAYER MARGERY W (EVP & President, Education)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-08-27	Common Stock	A	8000	—	Acquired	43624	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-08-27	Employee stock option (right to buy)	$22.81	A	32000	Acquired	2020-08-27	Common Stock (32000)	Direct

Footnotes

F1: Represents a grant of restricted stock units (RSUs) under the Scholastic Corporation 2001 Stock Incentive Plan, 25% of the RSUs vest on September 27, 2011 and 25% of the RSUs vest on each of August 27, 2012, 2013 and 2014.

F2: The grant becomes exercisable in four equal installments beginning with the first anniversary of the date of grant.