SCHOLASTIC CORP — Director's Dealing 2012

Mar 21, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SCHOLASTIC CORP (SCHL)
CIK: 0000866729
Period of Report: 2012-03-19

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-19	Common Stock	M	26700	$28.11	Acquired	89400	Direct
2012-03-19	Common Stock	S	26700	$35.55	Disposed	52700	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-19	Employee Stock Option (right to buy)	$28.11	M	26700	Disposed	2014-05-24	Common Stock (26700)	Direct

Footnotes

F1: Stock options vest in 25% increments beginning on the first anniversary of the date of grant.