STEPAN CO — Director's Dealing 2008

Apr 24, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2008-04-22

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-04-22	Common Stock	M	3200	$23.3125	Acquired	9461.7127	Direct
2008-04-22	Common Stock	S	3200	$41.99	Disposed	6261.7127	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-04-22	Employee Stock Option	$23.3125	M	3200	Disposed	2009-02-15	Common Stock (3200)	Direct

Footnotes

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