STEPAN CO — Director's Dealing 2004

Mar 3, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2004-03-01

Reporting Person: HURLBUTT JAMES E (VP and Corporate Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-03-01	Common Stock	J	38.29	—	Acquired	4359.683	Direct

Footnotes

F1: Distributed subject to vesting rights under shareholder approved Employee Stock Ownership Plan (ESOP).