STEPAN CO — Director's Dealing 2003

Dec 23, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2003-12-19

Reporting Person: STEPAN F QUINN (Director, Chairman and CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-19	Common Stock	G	26970	$25.27	Disposed	395105.39	Direct
2003-12-19	Common Stock	G	5220	$25.27	Acquired	502639	Indirect