SCHOLASTIC CORP — Director's Dealing 2020

Sep 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SCHOLASTIC CORP (SCHL)
CIK: 0000866729
Period of Report: 2020-09-01

Reporting Person: ROBINSON RICHARD (Director, CEO, Chairman and President, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-01	Common Stock	M	42159	$22.54	Acquired	4012112	Direct
2020-09-01	Common Stock	F	18333	$22.54	Disposed	3993779	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-01	Restricted Stock Units	$	M	42159	Disposed	2020-09-01	Common Stock (42159)	Direct

Footnotes

F1: Restricted stock units ("RSUs") acquired by the reporting person on 9/1/2017 under the MSPP in lieu of cash bonus; converted into shares of Common Stock on a one-for-one basis on 9/1/2020, 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, 2017.

F2: Includes an increase of 1,250 shares in the 401(k) Plan since the last report.

F3: See Exhibit 99.1