STEPAN CO — Director's Dealing 2008

Jun 24, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2008-06-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-06-20	Common Stock	M	1600	$21.75	Acquired	12150.7127	Direct
2008-06-20	Common Stock	S	1600	$43.99	Disposed	10550.7127	Direct
2008-06-23	Common Stock	S	1000	$44.49	Disposed	9550.7127	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-06-20	Employee Stock Option	$21.75	M	1600	Disposed	2010-05-08	Common Stock (1600)	Direct

Footnotes

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