STEPAN CO — Director's Dealing 2008

Aug 18, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2008-08-14

Reporting Person: VENEGONI JOHN V (VP/GM Surfactants)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-14	Common Stock	M	3500	$21.75	Acquired	9761.7127	Direct
2008-08-14	Common Stock	S	3500	$60.49	Disposed	6261.7127	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-08-14	Employee Stock Option	$21.75	M	3500	Disposed	2010-05-08	Common Stock (3500)	Direct

Footnotes

F1: Transaction completed pursuant to a 10b5-1 trading plan.