SCHOLASTIC CORP — Major Shareholding Notification 2012

Feb 14, 2012

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 10)*

Scholastic Corporation

(Name of issuer)

Common Stock, par value $01 per share

(Title of class of securities)

807066105

(CUSIP number)

December 31, 2011

(Date of event which requires filing of this statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d-1(b)

¨ Rule 13d-1(c)

x Rule 13d-1(d)

• The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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SCHEDULE 13G

CUSIP No. 807066105

| (1) | Names of reporting persons. I.R.S.
Identification Nos. of above persons (entities only). Barbara Robinson
Buckland | |
| --- | --- | --- |
| (2) | Check the appropriate box if a
member of a group (see instructions) (a) ¨ (b) ¨ | |
| (3) | SEC use only | |
| (4) | Citizenship or place of
organization United States | |
| Number of shares beneficially owned by each reporting person with: | (5) | Sole voting power 167,000 |
| | (6) | Shared voting power 2,331,712 |
| | (7) | Sole dispositive power 167,000 |
| | (8) | Shared dispositive power 2,331,712 |
| (9) | Aggregate amount beneficially owned by each reporting person 2,498,712 | |
| (10) | Check if the aggregate amount in
Row (9) excludes certain shares (see instructions) | |
| (11) | Percent of class represented by
amount in Row (9) 8.3% | |
| (12) | Type of reporting person (see
instructions) IN | |

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Item 1.	(a)	Name of Issuer:
		Scholastic Corporation
	(b)	Address of Issuer’s Principal Executive Offices
		557 Broadway
		New York, NY 10012
Item 2	(a)	Name of Person Filing:
		Barbara Robinson Buckland
	(b)	Address of Principal Business Office or, if none, Residence
		75 Central Park West, New York, NY 10023
	(c)	Citizenship
		USA
	(d)	Title of Class of Securities:
		Common Stock, par value $.01 per share
	(e)	CUSIP Number
		807066015
Item 3.	If this statement is filed pursuant to §§240.13d-1(b) or 240.134-2(b) or (c), check whether the person filing is a:
	Not applicable.
	(a)	¨	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
	(b)	¨	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
	(c)	¨	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
	(d)	¨	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
	(e)	¨	An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
	(f)	¨	An employee benefit plan or endowment fund in accordance with §240.13d-l(b)(1)(ii)(F);
	(g)	¨	A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
	(h)	¨	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.
1813);
	(i)	¨	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
	(j)	¨	Group, in accordance with §240.13d-l(b)(1)(ii)(J).

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Item 4.	Ownership.
	Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in
Item 1.
	(a)	Amount beneficially owned:
		2,498,712 (see note to Item 4(a)).
	(b)	Percent of class:
		8.3%.
	(c)	Number of shares as to which the person has:
		(i)	Sole power to vote or to direct the vote
			167,000
		(ii)	Shared power to vote or to direct the vote
			2,331,712
		(iii)	Sole power to dispose or to direct the disposition of
			167,000.
		(iv)	Shared power to dispose or to direct the disposition of
			2,331,712.
	Note to Item 4(a): Includes shares owned by the Trust under the Will of Maurice R. Robinson (the “Maurice R. Robinson Trust”), as follows:
(i) 1,683,092 shares of Common Stock and (ii) 648,620 shares of Common Stock which are receivable upon conversion of 648,620 shares of Class A Stock, par value $.01 per share. The shares of Class A Stock are convertible into
shares of Common Stock, at any time at the option of the holder thereof, on a share-for-share basis. Richard Robinson, Barbara Robinson Buckland, Florence R. Ford, Andrew S. Hedden, Mary Sue Robinson Morrill and William W. Robinson are trustees of
the Maurice R. Robinson Trust, with shared voting and investment power with respect to the shares of Common Stock and Class A Stock owned by the Maurice R. Robinson Trust.
Item 5.	Ownership of Five Percent or Less of a Class
	If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check the following ¨ .
Item 6.	Ownership of More than Five Percent on Behalf of Another Person.
	The Maurice R. Robinson Trust has the right to receive dividends from, or the proceeds from the sale of, the shares of Common Stock and
Class A Stock referred to in the Note to Item 4(a).
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
	Not applicable.
Item 8.	Identification and Classification of Members of the Group
	Not applicable.
Item 9.	Notice of Dissolution of Group
	Not applicable.
Item 10.	Certification
	Not applicable.

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SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 14, 2012
Signature: /s/ Barbara Robinson
Buckland
Name/Title: Barbara Robinson Buckland

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