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SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940 		 
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
ROBINSON RICHARD
(Last) (First) (Middle)
C/O CORPORATE SECRETARY, SCHOLASTIC CORP
557 BROADWAY
(Street)
NEW YORK NY 10012
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SCHOLASTIC CORP [ SCHL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
CEO, Chairman and President
3. Date of Earliest Transaction (Month/Day/Year)
04/04/2018
4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Stock 04/04/2018 M 11,344(1) A $27.93 4,366,372 D
Class A Stock 04/04/2018 J 11,344(2) D $27.93 4,355,028 D
Common Stock 04/04/2018 J 11,344(2) A $27.93 4,366,372 D
Common Stock 04/04/2018 S 2,071 D $38.51(3) 4,364,301 D
Common Stock 04/04/2018 S 9,273 D $38.4 4,355,028 D
Class A Stock 04/05/2018 M 30,401(1) A $27.93 4,385,429 D
Class A Stock 04/05/2018 J 30,401(2) D $27.93 4,355,028 D
Common Stock 04/05/2018 J 30,401(2) A $27.93 4,385,429 D
Common Stock 04/05/2018 S 30,000 D $38.5 4,355,429 D
Common Stock 04/05/2018 S 401 D $38.8(4) 4,355,028(5) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $27.93 04/04/2018 M 11,344 (6) 09/24/2018 Class A Stock 11,344 $0 151,338 D
Employee stock options (right to buy) $27.93 04/05/2018 M 30,401 (6) 09/24/2018 Class A Stock 30,401 $0 120,937 D
Explanation of Responses:
1. Represents the exercise of stock options due to expire on September 24, 2018.
2. Represents the conversion of Class A Stock to Common Stock.
3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.50-$38.58, inclusive. The reporting person undertakes to provide to Scholastic Corporation, any holder of Scholastic Corporation stock 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.
4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.80-38.81, inclusive. The reporting person undertakes to provide to Scholastic Corporation, any holder of Scholastic Corporation stock 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.
5. See Exhibit 99.1 for a summary of holdings.
6. 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 04/06/2018
** 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 4 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
Exhibit 99.1

Mr. Robinson is the beneficial owner of 4,355,028 shares of Common Stock.

Directly held shares includes 460,618 shares of Common Stock and 890,904
shares of Common Stock, which are receivable upon conversion
of 890,904 shares of Class A Stock, par value $.01 per share,
owned by Richard Robinson and 146,980 shares of Common Stock held in
the RR 2014 Trust, of which he is the trustee.

Indirectly held shares include: shares owned
by (i) the Trust under the Will of Maurice R. Robinson
(the "Maurice R. Robinson Trust"), as follows: (a) 1,683,092 shares
of Common Stock and (b) 648,620 shares of Common Stock which
are receivable upon conversion of 648,620
shares of Class A Stock, par value $.01
per share; and (ii) the Trust under the Will of Florence L.
Robinson (the "Florence L. Robinson Trust"), as follows: (a) 350,000
shares of Common Stock and (b) 116,676 shares of Common Stock
which are receivable upon conversion of 116,676 shares of Class A Stock,
par value $.01 share. Richard Robinson is one of six trustees
of the Maurice R. Robinson Trust, and one of two trustees of
the Florence L. Robinson Trust, with shared voting and investment power
with respect to the shares of Common Stock and Class A Stock
owned by the two trusts, respectively. 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; Also includes 46,170 shares of
Common Stock beneficially owned by his sons for which Mr. Robinson
is deemed the beneficial owner and 11,968 shares held in
the Scholastic 401(k) Savings and Retirement Plan.