Filing Details
- Accession Number:
- 0001179110-18-005709
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-04-17 17:07:36
- Reporting Period:
- 2018-04-13
- Accepted Time:
- 2018-04-17 17:07:36
- 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2018-04-13 | 3,000 | $39.95 | 25,632 | No | 4 | S | Indirect | sale made by and shares owned by son |
| Common Stock | Acquisiton | 2018-04-13 | 10,000 | $22.81 | 4,371,728 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-04-13 | 10,000 | $40.05 | 4,361,728 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2018-04-16 | 20,000 | $22.81 | 4,381,728 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-04-16 | 20,000 | $40.50 | 4,361,728 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Indirect | sale made by and shares owned by son |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee stock option (right to buy) | Disposition | 2018-04-13 | 10,000 | $0.00 | 10,000 | $22.81 |
| Common Stock | Employee stock option (right to buy) | Disposition | 2018-04-16 | 20,000 | $0.00 | 20,000 | $22.81 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 105,812 | 2020-08-27 | No | 4 | M | Direct | |
| 85,812 | 2020-08-27 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 27,238 | Indirect | owned by another son |
Footnotes
- Represents a sale of shares by the reporting person's son whose shares are included as indirectly owned by the reporting person.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.94-$39.98, inclusive. The reporting person undertakes to provide to Scholastic Corporation, any holder of Scholastic Corporation stock 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.
- The 25,632 shares owned by one son and 27,238 shares owned by another son are included in the shares reported in column 5 and on Exhibit 99.1. The aggregate number reported in column 5 and on Exhibit 99.1 has been modified to correct a clerical error in the counting of the shares held by the reporting person's sons.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.00-$40.12, inclusive. The reporting person undertakes to provide to Scholastic Corporation, any holder of Scholastic Corporation stock 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 (4) to this Form 4.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.35-$40.60, inclusive. The reporting person undertakes to provide to Scholastic Corporation, any holder of Scholastic Corporation stock 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 (5) to this Form 4.
- See Exhibit 99.1.
- Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant.
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