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STEPAN CO Director's Dealing 2008

Jun 18, 2008

32175_dirs_2008-06-18_985e8962-1067-4f4a-8394-17982be89b87.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: 2008-06-16

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-06-16	Common Stock	M	200	$23.3125	Acquired	10750.7127	Direct
2008-06-16	Common Stock	S	200	$42.99	Disposed	10550.7127	Direct
2008-06-17	Common Stock	M	1869	$23.3125	Acquired	12419.7127	Direct
2008-06-17	Common Stock	S	1869	$42.99	Disposed	10550.7127	Direct
2008-06-17	Common Stock	M	2400	$21.75	Acquired	12950.7127	Direct
2008-06-17	Common Stock	S	2000	$43.49	Disposed	10950.7127	Direct
2008-06-17	Common Stock	S	400	$43.99	Disposed	10550.7127	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-06-16	Employee Stock Option	$23.3125	M	200	Disposed	2009-02-15	Common Stock (200)	Direct
2008-06-17	Employee Stock Option	$23.3125	M	1869	Disposed	2009-02-15	Common Stock (1869)	Direct
2008-06-17	Employee Stock Option	$21.75	M	2400	Disposed	2010-05-08	Common Stock (2400)	Direct

Footnotes

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