STEPAN CO — Director's Dealing 2006

Feb 14, 2006

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2005-12-31

Reporting Person: HURLBUTT JAMES E (Vice President, Finance)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-03-15	Common Stock	P	11.564	$24.02	Acquired	4447.287	Direct
2005-06-15	Common Stock	P	13.091	$21.39	Acquired	4460.378	Direct
2005-09-15	Common Stock	P	10.785	$26.20	Acquired	4471.163	Direct
2005-12-15	Common Stock	P	11.273	$25.90	Acquired	4482.436	Direct

Footnotes

F1: Purchases made under an employee purchase plan.