STEPAN CO — Director's Dealing 2007

Dec 27, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2007-12-24

Reporting Person: ZOGLIO ANTHONY J (VP Supply Chain)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-12-24	Common Stock	M	200	$30.9688	Acquired	9900.0208	Direct
2007-12-24	Common Stock	S	200	$35.00	Disposed	9700.0208	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-12-24	Employee Stock Option	$30.9668	M	200	Disposed	2008-05-04	Common Stock (200)	Direct