Filing Details
- Accession Number:
- 0001179110-17-000350
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-01-04 18:28:07
- Reporting Period:
- 2016-12-29
- Filing Date:
- 2017-01-04
- Accepted Time:
- 2017-01-04 18:28:07
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 866729 | Scholastic Corp | SCHL | Books: Publishing Or Publishing & Printing (2731) | 133385513 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 903959 | Richard Robinson | C/O Corporate Secretary, Scholastic Corp 557 Broadway New York NY 10012 | Ceo, Chairman And President | Yes | Yes | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Stock | Acquisiton | 2016-12-29 | 12,100 | $36.21 | 4,364,780 | No | 4 | M | Direct | |
| Class A Stock | Disposition | 2016-12-29 | 12,100 | $36.21 | 4,352,680 | No | 4 | J | Direct | |
| Common Stock | Acquisiton | 2016-12-29 | 12,100 | $36.21 | 4,364,780 | No | 4 | J | Direct | |
| Common Stock | Disposition | 2016-12-29 | 12,100 | $48.11 | 4,352,680 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | J | Direct | |
| No | 4 | J | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class A Stock | Employee Stock Option (right to buy) | Disposition | 2016-12-29 | 12,100 | $0.00 | 12,100 | $36.21 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 215,907 | 2017-09-19 | No | 4 | M | Direct |
Footnotes
- Represents the exercise of stock options due to expire on September 19, 2017.
- Represents the conversion of Class A Stock to Common Stock.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.07-$48.15, 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.
- Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant.
- See Exhibit 99.1.
Billionaire Hedge Funds
