STEPAN CO — Director's Dealing 2006

Oct 4, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2006-10-02

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-10-02	Management Incentive Plan	$	J	58972.009	Disposed	1988-08-08	Common Stock (58972.009)	Direct

Footnotes

F1: On October 2, 2006, an intra-plan transfer of 58,972.009 shares was made in the Stepan Company Management Incentive Plan, a 16b-3 plan approved by shareholders ("Plan"), pursuant to provisions of the Plan.