SCHOLASTIC CORP — Director's Dealing 2016

Sep 22, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SCHOLASTIC CORP (SCHL)
CIK: 0000866729
Period of Report: 2016-09-20

Reporting Person: Cleary Kenneth J (SVP, Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-09-20	Common Stock	A	766	$39.16	Acquired	4934	Direct
2016-09-21	Common Stock	F	65	$38.56	Disposed	4869	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-09-20	Employee stock option (right to buy)	$39.16	A	6119	Acquired	2026-09-20	Common Stock (6119)	Direct

Footnotes

F1: Includes 52 shares purchased by the reporting person since the last filing under the Scholastic Corporation Employee Stock Purchase Plan.

F2: Represents shares withheld to cover taxes owed upon the vesting of 172 restricted stock units.

F3: The grant becomes exercisable in four equal annual installments beginning with the first anniversary of the date of grant.