SCHOLASTIC CORP — Director's Dealing 2011

Sep 29, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SCHOLASTIC CORP (SCHL)
CIK: 0000866729
Period of Report: 2011-09-28

Reporting Person: AUGUSTINE CYNTHIA (SVP, Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-28	Common Stock	M	500	$28.28	Acquired	10277	Direct
2011-09-28	Common Stock	F	177	$28.28	Disposed	10100	Direct
2011-09-28	Common Stock	M	1000	$22.81	Acquired	11100	Direct
2011-09-28	Common Stock	S	1000	$27.996	Disposed	10100	Direct
2011-09-28	Common Stock	S	4277	$28.015	Disposed	5823	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-09-28	Stock Options	$22.81	M	1000	Disposed	2020-08-27	Common Stock (1000)	Direct

Footnotes

F1: Represents shares withheld to cover taxes on the vesting of 500 stock units.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.98 to $28.04, inclusive. The reporting person undertakes to provide to Scholastic Corporation, any security holder of Scholastic Corporation, 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 this footnote

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.98 to $28.11, inclusive. The reporting person undertakes to provide to Scholastic Corporation, any security holder of Scholastic Corporation, 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 this footnote