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SCHOLASTIC CORP — Director's Dealing 2017
Nov 30, 2017
32563_dirs_2017-11-30_02f2431c-64ad-46c0-bb59-7c9a17e27c3d.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: 2017-11-28
Reporting Person: Boyko Alan J (President, Schl Book Fairs)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-11-28 | Common Stock | M | 6900 | $30.17 | Acquired | 44146 | Direct |
| 2017-11-28 | Common Stock | S | 6900 | $40.03 | Disposed | 37246 | Direct |
| 2017-11-29 | Common Stock | M | 3100 | $30.17 | Acquired | 40346 | Direct |
| 2017-11-29 | Common Stock | S | 3100 | $40. | Disposed | 37246 | Direct |
| 2017-11-29 | Common Stock | M | 10000 | $30.17 | Acquired | 47246 | Direct |
| 2017-11-29 | Common Stock | S | 10000 | $41.039 | Disposed | 37246 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-11-28 | Employee Stock Options (right to buy) | $30.17 | M | 6900 | Disposed | 2023-09-17 | Common Stock (6900) | Direct |
| 2017-11-29 | Employee stock options (right to buy) | $30.17 | M | 13100 | Disposed | 2023-09-17 | Common Stock (13100) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 4465 | Indirect |
Footnotes
F1: Sales were made pursuant to a 10b5-1 plan.
F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.00-$40.04, 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 (2) to this Form 4.
F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.02-$41.06, 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: Includes 83 shares purchased by the reporting person since the last filing under the Scholastic Corporation 401(k) Plan.
F5: Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant