X0306 4 2016-04-26 0 0000866729 SCHOLASTIC CORP SCHL 0000903959 ROBINSON RICHARD C/O CORPORATE SECRETARY, SCHOLASTIC CORP 557 BROADWAY NEW YORK NY 10012 1 1 1 0 CEO, Chairman and President Class A Stock 2016-04-26 4 M 0 19390 30.08 A 4418040 D Class A Stock 2016-04-26 4 J 0 19390 30.08 D 4398650 D Common Stock 2016-04-26 4 J 0 19390 30.08 A 4418040 D Common Stock 2016-04-26 4 S 0 19390 37.148 D 4398650 D Employee Stock Options (right to buy) 30.08 2016-04-26 4 M 0 19390 0 D 2016-09-20 Class A Stock 19390 0 D Represents the exercise of Class A stock options due to expire on September 20, 2016. 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 $37.10-$37.26, 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 Richard Robinson, by Teresa M. Connelly, attorney-in-fact 2016-04-28