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SCHOLASTIC CORP — Director's Dealing 2015
Aug 5, 2015
32563_dirs_2015-08-05_2d08ecdd-694d-4067-bbb7-8fc69cf0053d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SCHOLASTIC CORP (SCHL)
CIK: 0000866729
Period of Report: 2015-08-03
Reporting Person: ROBINSON RICHARD (Director, CEO, Chairman and President, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-08-03 | Class A Stock | M | 15300 | $36.41 | Acquired | 4509454 | Direct |
| 2015-08-03 | Class A Stock | J | 15300 | $36.41 | Disposed | 4494154 | Direct |
| 2015-08-03 | Common Stock | J | 15300 | $36.41 | Acquired | 4509454 | Direct |
| 2015-08-03 | Common Stock | S | 300 | $43.10 | Disposed | 4509154 | Direct |
| 2015-08-03 | Common Stock | S | 5000 | $43.010 | Disposed | 4504154 | Direct |
| 2015-08-03 | Common Stock | S | 5000 | $43.050 | Disposed | 4499154 | Direct |
| 2015-08-03 | Common Stock | S | 5000 | $42.98 | Disposed | 4494154 | Direct |
| 2015-08-04 | Class A Stcok | M | 27997 | $36.41 | Acquired | 4522151 | Direct |
| 2015-08-04 | Class A Stock | J | 27997 | $36.41 | Disposed | 4494154 | Direct |
| 2015-08-04 | Common Stock | J | 27997 | $36.41 | Acquired | 4522151 | Direct |
| 2015-08-04 | Common Stock | S | 1127 | $43.30 | Disposed | 4521024 | Direct |
| 2015-08-04 | Common Stock | S | 8000 | $43.13 | Disposed | 4513024 | Direct |
| 2015-08-04 | Common Stock | S | 8000 | $43.21 | Disposed | 4505124 | Direct |
| 2015-08-04 | Common Stock | S | 5000 | $43.06 | Disposed | 4500024 | Direct |
| 2015-08-04 | Common Stock | S | 5000 | $43.193 | Disposed | 4495024 | Direct |
| 2015-08-04 | Common Stock | S | 870 | $43.21 | Disposed | 4494154 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-08-03 | Emmployee Stock Option (right to buy) | $36.41 | M | 15300 | Disposed | 2015-09-21 | Class A Stock (15300) | Direct |
| 2015-08-04 | Employee Stock Options (right to buy) | $36.41 | M | 27997 | Disposed | 2015-09-21 | Class A Stock (27997) | Direct |
Footnotes
F1: Represents the exercise of stock options due to expire on September 21, 2015.
F2: Represents the conversion of Class A Stock to Common Stock.
F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.01 to $43.02, inclusive. The reporting person undertakes to provide to Scholastic Corporation, any 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 footnote (3) to this Form 4.
F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.17 to $43.27, inclusive. The reporting person undertakes to provide to Scholastic Corporation, any 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 footnote (4) to this Form 4.
F5: See Exhibit 99.1.
F6: Employee stock options vest ratably over a four year period beginning with the first anniversary of the date of grant.