STEPAN CO — Director's Dealing 2007

Feb 12, 2007

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2006-12-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-15	Common Stock	P	11.444	$25.71	Acquired	9012.264	Direct
2006-06-15	Common Stock	P	9.565	$31.00	Acquired	9021.829	Direct
2006-09-15	Common Stock	P	10.399	$28.70	Acquired	9032.228	Direct
2006-12-15	Common Stock	P	10.438	$29.51	Acquired	9042.666	Direct

Footnotes

F1: Purchases made under an employee purchase plan.