SCHOLASTIC CORP — Director's Dealing 2010

Jan 11, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SCHOLASTIC CORP (SCHL)
CIK: 0000866729
Period of Report: 2010-01-08

Reporting Person: MAYER PETER M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-08	Common Stock	M	6000	$30.385	Acquired	23850	Direct
2010-01-08	Common Stock	S	6000	$31.00	Disposed	17850	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-01-08	Outside stock option (right to buy)	$30.385	M	6000	Disposed	2010-01-08	Common Stock (6000)	Direct

Footnotes

F1: The option was exercised on the last day of its term.