STEPAN CO — Director's Dealing 2007

Feb 15, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2007-02-13

Reporting Person: Wynn H Edward (VP, General Counsel, Secretary)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-13	Employee Stock Option	$31.70	A	3500	Acquired	2015-02-12	Common Stock (3500)	Direct
2007-02-13	Performance Shares	$	A	2000	Acquired		Common Stock (2000)	Direct

Footnotes

F1: Each performance share represents a contingent right to receive one share of Stepan Company Common Stock. The performance shares vest upon Stepan Company achieving certain financial targets by December 31, 2009.