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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Rule 13d-102
Under the Securities Exchange Act of 1934
(Amendment No. 1)(*)
Scholastic Corporation
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
807066105
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(CUSIP Number)
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(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)
|_| Rule 13d-1 (d)
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(*) 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 disclosures provided in a prior cover page.
The information required on 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).
Page 1 of 5 Pages
CUSIP No. 807066105 Page 2 of 5 pages
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(1) Names and I.R.S. Identification Nos.(entities only) of reporting persons.
Barbara Robinson Buckland
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(2) Check the appropriate box if a member of a group (see instructions) (a)|_|
(b)|_|
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(3) SEC use only.
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(4) Citizenship or place of organization.
United States
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power:
224,139
(6) Shared voting power:
1,212,856
(7) Sole dispositive power:
224,139
(8) Shared dispositive power:
1,212,856
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(9) Aggregate amount beneficially owned by each reporting person.
1,436,995
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(10) Check if the aggregate amount in Row (9) excludes certain shares |_|
(see instructions).
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(11) Percent of class represented by amount in Row 9.
9.03%
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(12) Type of reporting person (see instructions).
IN
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Page 3 of 5 Pages
Item 1.
(a) Name of Issuer
Scholastic Corporation
(b) Address of Issuer's Principal Executive Offices
555 Broadway
New York, New York 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, N.Y. 10023
(c) Citizenship
United States
(d) Title of Class of Securities
Common Stock, par value $.01 per share
(e) CUSIP Number
807066105
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
check whether the person filing is a:
Not applicable.
Item 4. Ownership (at December 31, 1998)
Page 4 of 5 Pages
(a) Amount Beneficially Owned
1,436,995 (see Note to Item 4(a))
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) 841,546
shares of Common Stock and (ii) 324,310 shares of Common Stock which
are receivable upon conversion of 324,310 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, 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. Also
includes 47,000 shares of Common Stock owned by two trusts for the
benefit of the children of Mary Sue Robinson Morrill and William
Morrill (the "Morrill Children Trusts"). Ms. Buckland and Mr.
Morrill are trustees of the Morrill Children Trusts, with shared
voting and investment power with respect to them.
(b) Percent of Class
9.03%
(c) Number of shares as to which such person has:
i) sole power to vote or to direct the vote
224,139
ii) shared power to vote or to direct the vote
1,212,856 (see Note to Item 4(a))
iii) sole power to dispose or to direct the disposition of
224,139
iv) shared power to dispose or to direct the disposition of
1,212,856 (see Note to Item 4(a))
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
Page 5 of 5 Pages
Item 6. Ownership of More than Five Percent on Behalf of Another Person
The Maurice R. Robinson Trust and the Morrill Children Trusts have 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.
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.
February 16, 1999
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Date
/s/ Barbara Robinson Buckland
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Signature
Barbara Robinson Buckland
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Name/Title