STEPAN CO — Director's Dealing 2004

Feb 13, 2004

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2003-12-31

Reporting Person: VENEGONI JOHN V (VP/GM Surfactants)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-03-18	Common Stock	P	11.178	$25.57	Acquired	7636.178	Direct
2003-06-19	Common Stock	P	11.72	$24.57	Acquired	7647.898	Direct
2003-09-19	Common Stock	P	12.171	$23.84	Acquired	7660.069	Direct
2003-12-19	Common Stock	P	11.759	$25.20	Acquired	7671.828	Direct

Footnotes

F1: Purchases made under an employee purchase plan.