SCHOLASTIC CORP — Director's Dealing 2017

Apr 14, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SCHOLASTIC CORP (SCHL)
CIK: 0000866729
Period of Report: 2017-04-12

Reporting Person: Boyko Alan J (President, Schl Book Fairs)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-04-12	Common Stock	M	5000	$28.18	Acquired	38204	Direct
2017-04-12	Common Stock	S	4900	$42.46	Disposed	33304	Direct
2017-04-12	Common Stock	S	100	$43.20	Disposed	33204	Direct
2017-04-13	Common Stock	M	11	$35.24	Acquired	33215	Direct
2017-04-13	Common Stock	S	11	$42.34	Disposed	33204	Direct
2017-04-13	Common Stock	M	4390	$28.18	Acquired	37594	Direct
2017-04-13	Common Stock	S	4390	$42.109	Disposed	33204	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-04-12	Employee Stock Option (right to buy)	$28.18	M	5000	Disposed	2021-10-07	Common Stock (5000)	Direct
2017-04-13	Employee stock option (right to buy)	$35.24	M	11	Disposed	2017-09-18	Common Stock (11)	Direct
2017-04-13	Employee stock option (right to buy)	$28.18	M	4390	Disposed	2021-10-07	Common Stock (4390)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4382	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.18 to $43.18, 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 (1) to this Form 4.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.00 to $42.35, 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: Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant.