STEPAN CO — Director's Dealing 2007

Feb 22, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2007-02-20

Reporting Person: ZOGLIO ANTHONY J (Vice President - Supply Chain)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-20	Common Stock	S	800	$29.00	Disposed	10305.0518	Direct
2007-02-20	Common Stock	S	370	$29.16	Disposed	9935.0518	Direct
2007-02-20	Common Stock	S	100	$29.02	Disposed	9835.0518	Direct
2007-02-20	Common Stock	S	200	$29.07	Disposed	9635.0518	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-20	Management Incentive Plan	$	J	209.561	Acquired	1988-08-08	Common Stock (209.561)	Direct

Footnotes

F1: Management Incentive Plan Amended and Restated as of January 1, 2005 ("Plan"), a 16b-3 Plan, is a nonqualified deferred compensation plan which allows Plan participants to elect to defer all or a portion of their deferred compensation into accounts pursuant to Plan provisions.