SCHOLASTIC CORP — Director's Dealing 2011

Sep 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SCHOLASTIC CORP (SCHL)
CIK: 0000866729
Period of Report: 2011-09-21

Reporting Person: SPAULDING RICHARD METCALF (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-21	Common Stock	A	1200	—	Acquired	25779	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-09-21	Outside Director stock option (right to buy)	$26.73	A	3000	Acquired	2021-09-21	Common Stock (3000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	142158	Indirect

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 21, 2012.

F2: These shares were previously reported as directly benefically owned and now held by a family trust.