STEPAN CO - Director's Dealing 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2008-08-19

Reporting Person: HURLBUTT JAMES E (V.P. & Chief Financial Officer)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-19	Common Stock	M	4223	$23.675	Acquired	7809.6748	Direct
2008-08-19	Common Stock	S	600	$60.3500	Disposed	7209.6748	Direct
2008-08-19	Common Stock	S	100	$60.3400	Disposed	7109.6748	Direct
2008-08-19	Common Stock	S	100	$60.2800	Disposed	7009.6748	Direct
2008-08-19	Common Stock	S	100	$60.2500	Disposed	6909.6748	Direct
2008-08-19	Common Stock	S	100	$59.9500	Disposed	6809.6748	Direct
2008-08-19	Common Stock	S	100	$59.9400	Disposed	6709.6748	Direct
2008-08-19	Common Stock	S	100	$60.0400	Disposed	6609.6748	Direct
2008-08-19	Common Stock	S	100	$59.9900	Disposed	6509.6748	Direct
2008-08-19	Common Stock	S	400	$59.9100	Disposed	6109.6748	Direct
2008-08-19	Common Stock	S	200	$60.0000	Disposed	5909.6748	Direct
2008-08-19	Common Stock	S	100	$59.7900	Disposed	5809.6748	Direct
2008-08-19	Common Stock	S	100	$59.8000	Disposed	5709.6748	Direct
2008-08-19	Common Stock	S	100	$59.6300	Disposed	5609.6748	Direct
2008-08-19	Common Stock	S	100	$59.6600	Disposed	5509.6748	Direct
2008-08-19	Common Stock	S	200	$59.6700	Disposed	5309.6748	Direct
2008-08-19	Common Stock	S	200	$59.7600	Disposed	5109.6748	Direct
2008-08-19	Common Stock	S	100	$59.7400	Disposed	5009.6748	Direct
2008-08-19	Common Stock	S	300	$59.7100	Disposed	4709.6748	Direct
2008-08-19	Common Stock	S	100	$59.7500	Disposed	4609.6748	Direct
2008-08-19	Common Stock	S	700	$59.8600	Disposed	3909.6748	Direct
2008-08-19	Common Stock	S	100	$59.7800	Disposed	3809.6748	Direct
2008-08-19	Common Stock	S	223	$59.9000	Disposed	3586.6748	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-08-19	Employee Stock Option	$23.6750	M	4223	Disposed	2012-02-10	Common Stock (4223)	Direct