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: HURLBUTT JAMES E (VP and Corporate Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-03-18	Common Stock	P	10.019	$25.57	Acquired	4255.279	Direct
2003-06-19	Common Stock	P	10.505	$24.57	Acquired	4265.784	Direct
2003-09-19	Common Stock	P	10.909	$23.84	Acquired	4276.693	Direct
2003-12-19	Common Stock	P	10.54	$25.20	Acquired	4287.233	Direct

Footnotes

F1: Purchases made under an employee purchase plan.