SCHOLASTIC CORP — Director's Dealing 2010

Sep 22, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SCHOLASTIC CORP (SCHL)
CIK: 0000866729
Period of Report: 2010-09-22

Reporting Person: SPAULDING RICHARD METCALF (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-22	Common Stock	A	1200	—	Acquired	166737	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-09-22	Outside Director stock option (right to buy)	$25.61	A	3000	Acquired	2020-09-22	Common Stock (3000)	Direct

Footnotes

F1: Represents a grant of restricted stock units under the Scholastic Corporation 2007 Outside Directors Stock Incentive Plan, all of which are scheduled to vest on September 22, 2011.