STEPAN CO — Director's Dealing 2007

Mar 28, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2007-03-26

Reporting Person: STEPAN F QUINN (Director, Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-26	Common Stock	J	158.525	—	Acquired	348032.549	Direct

Footnotes

F1: Number of common stock shares acquired with dividend purchase to reporting person's account on March 26, 2007, under the Employee Stock Ownership Plan (ESOP) established by Stepan Company.

F2: Amount includes decrease of 3,170 shares due to mathematical error for one prior transaction for reporting person.