AI assistant
STEPAN CO — Director's Dealing 2008
Aug 13, 2008
32175_dirs_2008-08-12_91c3eaa7-f071-48cf-b45d-32d1fd572133.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2008-08-08
Reporting Person: HURLBUTT JAMES E (VP & Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2008-08-08 | Common Stock | S | 719.3376 | — | Disposed | 4897.9061 | Direct |
| 2008-08-08 | Common Stock | S | 1311.2313 | — | Disposed | 3586.6748 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2008-08-08 | 5-1/2% Convertible Preferred Stock | $ | S | 293.8255 | Disposed | Common Stock (335.4752) | Direct |
Footnotes
F1: On August 8, 2008, 719.3376 shares of common stock were sold in the Stepan Company Employee Stock Ownership Plan, pursuant to provisions of the Plan.
F2: On August 8, 2008, 1,311.2313 shares of common stock were sold in the Stepan Company Employee Stock Ownership Plan II, pursuant to provisions of the Plan. Also, on August 8, 2008, Reporting Person sold 293.8255 shares of preferred stock at $52.65 per share, pursuant to provisions of the Plan, which converted to common stock equals 335.4752 shares. The preferred stock conversion rate is 1.14175 shares of common stock for each share of preferred stock.
F3: Not Applicable.