X0306 4 2017-05-05 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 2017-05-05 4 M 0 52745 36.21 A 4401141 D Class A Stock 2017-05-05 4 J 0 52745 36.21 D 4348396 D Common Stock 2017-05-05 4 J 0 52745 36.21 A 4401141 D Common Stock 2017-05-05 4 S 0 52745 43.136 D 4348396 D Class A Stock 2017-05-08 4 M 0 400 36.21 A 4348796 D Class A Stock 2017-05-08 4 J 0 400 36.21 D 4348396 D Common Stock 2017-05-08 4 J 0 400 36.21 A 4348796 D Common Stock 2017-05-08 4 S 0 400 43.03 D 4348396 D Employee Stock Option (right to buy) 36.21 2017-05-05 4 M 0 52745 0 D 2017-09-19 Class A Stock 52745 72255 D Employee stock option (right to buy) 36.21 2017-05-08 4 M 0 400 0 D 2017-09-19 Class A Stock 400 71855 D Represents the exercise of stock options due to expire on September 19, 2017. Represents the conversion of Class A Stock to Common Stock. The sale of shares was made pursuant to a 10b5-1 plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.00-$43.60, 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. The sale of shares was made pursuant to a 10b5-1 plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.00-$43.10, 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 (4) 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. Richard Robinson, by Teresa M. Connelly, attorney-in-fact 2017-05-09