Select the option that expresses the given sentence in direct speech. The principal said that the teachers would be holding a meeting at that time the following week.

1. The principal said, “The teachers will be holding a meeting at this time next week.”
2. The principal said, “The teachers will have been holding a meeting at this time next week.”
3. The principal said, “The teachers would be holding a meeting at this time next week.”
4. The principal said, “The teachers would hold a meeting at this time next week.”