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STEPAN CO Director's Dealing 2008

Aug 21, 2008

32175_dirs_2008-08-21_710eebc9-a3e0-4b1e-a509-c04d03697ac1.zip

Director's Dealing

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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)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-19	Common Stock	M	4009	$24.9400	Acquired	7595.6748	Direct
2008-08-19	Common Stock	S	1400	$60.3450	Disposed	6195.6748	Direct
2008-08-19	Common Stock	S	100	$60.3250	Disposed	6095.6748	Direct
2008-08-19	Common Stock	S	100	$60.2750	Disposed	5995.6748	Direct
2008-08-19	Common Stock	S	100	$60.2950	Disposed	5895.6748	Direct
2008-08-19	Common Stock	S	100	$60.3100	Disposed	5795.6748	Direct
2008-08-19	Common Stock	S	100	$60.1950	Disposed	5695.6748	Direct
2008-08-19	Common Stock	S	100	$60.0400	Disposed	5595.6748	Direct
2008-08-19	Common Stock	S	70	$60.0700	Disposed	5525.6748	Direct
2008-08-19	Common Stock	S	1839	$60.0000	Disposed	3686.6748	Direct
2008-08-19	Common Stock	S	100	$59.9300	Disposed	3586.6748	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-08-19	Employee Stock Option	$24.9400	M	4009	Disposed	2014-02-09	Common Stock (4009)	Direct