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SCHOLASTIC CORP — Director's Dealing 2017
Sep 6, 2017
32563_dirs_2017-09-06_a6ab4489-de6f-44fb-be62-03fe5a28e095.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: 2017-09-01
Reporting Person: NEWMAN JUDITH (EVP, President, Book Clubs)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-09-01 | Common Stock | M | 399 | $39.46 | Acquired | 14383 | Direct |
| 2017-09-01 | Common Stock | F | 139 | $39.46 | Disposed | 14244 | Direct |
| 2017-09-05 | Common Stock | M | 8331 | $39.34 | Acquired | 22575 | Direct |
| 2017-09-05 | Common Stock | F | 4072 | $39.34 | Disposed | 18503 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-09-01 | Restricted Stock Units | $ | A | 8208 | Acquired | 2020-09-01 | Common Stock (8208) | Direct |
| 2017-09-01 | Restricted Stock Units | $ | M | 399 | Disposed | 2017-09-01 | Common Stock (399) | Direct |
| 2017-09-05 | Restricted Stock Units | $ | M | 8331 | Disposed | 2017-09-02 | Common Stock (8331) | Direct |
Footnotes
F1: Restricted stock units ("RSUs") acquired by the reporting person on 9/1/09 under the MSPP in lieu of cash bonus; converted into shares of Common Stock on a one-for-one basis on 9/1/17, the first business day following expiration of the deferral period, 9/1/2017 (re-deferred from 9/1/2012),as selected by the reporting person. RSU price is equal to 75% of the lowest closing price for the underlying Common Stock in the fiscal quarter ended August 31, 2009.
F2: Restricted stock units ("RSUs") acquired by the reporting person on 9/2/14 under the MSPP in lieu of cash bonus; converted into shares of Common Stock on a one-for-one basis on 9/4/17, the first business day following expiration of the deferral period selected by the reporting person. RSU price is equal to 75% of the lowest closing price for the underlying Common Stock in the fiscal quarter ended August 31, 2014.
F3: Acquired under the Scholastic Corporation Management Stock Purchase Plan in lieu of cash bonus; to be converted into shares of Common Stock on a one-for-one basis upon expiration of the deferral period selected by the reporting person. Vests on third anniversary of the award date. Price is equal to 75% of the lowest closing price for the underlying Common Stock in the fiscal quarter ended August 31, 2017.