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STEPAN CO Director's Dealing 2008

May 5, 2008

32175_dirs_2008-05-05_cf2faf0d-5e0d-45d2-9acd-f448ae0ccd96.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: 2008-05-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-01	Common Stock	M	3900	$21.75	Acquired	13642.6001	Direct
2008-05-01	Common Stock	S	1600	$40.01	Disposed	12042.6001	Direct
2008-05-01	Common Stock	S	800	$40.02	Disposed	11242.6001	Direct
2008-05-01	Common Stock	S	800	$40.03	Disposed	10442.6001	Direct
2008-05-01	Common Stock	S	100	$40.20	Disposed	10342.6001	Direct
2008-05-01	Common Stock	S	200	$40.21	Disposed	10142.6001	Direct
2008-05-01	Common Stock	S	100	$40.22	Disposed	10042.6001	Direct
2008-05-01	Common Stock	S	100	$40.17	Disposed	9942.6001	Direct
2008-05-01	Common Stock	S	200	$40.15	Disposed	9742.6001	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-01	Employee Stock Option	$21.75	M	3900	Disposed	2010-05-08	Common Stock (3900)	Direct