SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3)* Scholastic Corporation -------------------------- (Name of Issuer) Common Stock, par value $.01 per share -------------------------------------- (Title of Class of Securities) 807066105 --------- (CUSIP Number) *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 disclosure provided in a prior cover page. The information required in 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 PagesCUSIP No. 807066105 SCHEDULE 13G Page 2 of 5 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Trust under the Will of Maurice R. Robinson - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 2,331,712* -------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 0 OWNED BY -------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 2,331,712* WITH -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,331,712* * reflects the 2 for 1 stock split distributed on January 16, 2001 to shareholders of record on December 29, 2000. - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.89% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT
Page 3 of 5 Pages Note: The share figures in this report have been adjusted to reflect the 2 for 1 stock split distributed on January 16, 2001 to shareholders of record on December 29, 2000. 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 The Trust under the Will of Maurice R. Robinson Trustees: Richard Robinson, William Robinson, Barbara Robinson Buckland, Mary Sue Robinson Morrill (b) Address of Principal Business Office or, if none, Residence c/o Scholastic Corporation 555 Broadway New York, New York 10012 (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.
Page 4 of 5 Pages Item 4. Ownership (at December 31, 2000) (a) Amount Beneficially Owned 2,331,712 (see Note to Item 4(a)) Note to Item4(A): Includes 648,620 shares of Common Stock which are receivable upon conversion of 648,620 shares of Class A Stock, par value $.01 per share owned by the Trust under the Will of Maurice R. Robinson. 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. (b) Percent of Class 6.89% (c) Number of shares as to which such person has: i) sole power to vote or to direct the vote 2,331,712 ii) shared power to vote or to direct the vote 0 iii) sole power to dispose or to direct the disposition of 2,331,712 iv) shared power to dispose or to direct the disposition of 0 Item 5. Ownership of Five Percent or Less of a Class Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person Not applicable.
Page 5 of 5 Pages 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 14, 2001 -------------------------- Date /s/Richard Robinson -------------------------- Signature Richard Robinson / Trustee -------------------------- Name/Title