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STEPAN CO Director's Dealing 2008

Aug 18, 2008

32175_dirs_2008-08-18_ea0b0614-40ef-4ec5-94c3-2052d902f9c0.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: 2008-08-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-14	Common Stock	M	3809	$26.2500	Acquired	13418.1766	Direct
2008-08-14	Common Stock	S	3809	$59.2600	Disposed	9609.1766	Direct
2008-08-14	Common Stock	M	13773	$24.9400	Acquired	23382.1766	Direct
2008-08-14	Common Stock	S	100	$60.2300	Disposed	23282.1766	Direct
2008-08-14	Common Stock	S	400	$60.22	Disposed	22882.1766	Direct
2008-08-14	Common Stock	S	100	$60.2100	Disposed	22782.1766	Direct
2008-08-14	Common Stock	S	100	$60.16	Disposed	22682.1766	Direct
2008-08-14	Common Stock	S	200	$60.14	Disposed	22482.1766	Direct
2008-08-14	Common Stock	S	11873	$60.1000	Disposed	10609.1766	Direct
2008-08-14	Common Stock	S	900	$60.1300	Disposed	9709.1766	Direct
2008-08-14	Common Stock	S	100	$60.11	Disposed	9609.1766	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-08-14	Employee Stock Option	$26.2500	M	3809	Disposed	2016-02-13	Common Stock (3809)	Direct
2008-08-14	Employee Stock Option	$24.9400	M	13773	Disposed	2014-02-09	Common Stock (13773)	Direct