SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Lucchese Iole (Last) (First) (Middle) C/O CORPORATE SECRETARY, SCHOLASTIC CORP 557 BROADWAY (Street) NEW YORK NY 10019 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 06/01/2016	3. Issuer Name and Ticker or Trading Symbol SCHOLASTIC CORP [ SCHL ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Chief Strategy Officer	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	24,765(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee stock options (right to buy)	(2)	12/12/2016	Common Stock	2,720	33.6	D
Employee stock options (right to buy)	(3)	08/27/2020	Common Stock	1,000	22.81	D
Employee stock options (right to buy)	(4)	10/07/2021	Common Stock	10,922	28.18	D
Employee stock options (right to buy)	(5)	09/17/2023	Common Stock	16,954	30.17	D
Employee stock options (right to buy)	(6)	09/23/2024	Common Stock	21,194	33.87	D
Employee stock options (right to buy)	(7)	09/21/2025	Common Stock	15,972	43.56	D

Explanation of Responses:

1. Includes 5,854 unvested restricted stock units.

2. Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant, which is December 12, 2006.

3. Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant, which is August 27, 2010.

4. Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant, which is October 7, 2011.

5. Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant, which is September 17, 2013.

6. Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant, which is September 23, 2014.

7. Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant, which is September 21, 2015.

	Iole Lucchese, by Teresa M. Connelly, Attorney-in-fact	06/10/2016
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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