STEPAN CO — Director's Dealing 2008

Mar 17, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2008-03-13

Reporting Person: HURLBUTT JAMES E (VP & Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-03-13	Common Stock	J	46.6617	—	Acquired	9221.7477	Direct
2008-03-13	Common Stock	J	95.496	—	Acquired	9317.2437	Direct

Footnotes

F1: Number of common stock shares acquired with dividend purchase to reporting person's account on March 13, 2008, under the Employee Stock Ownership (ESOP) established by Stepan Company.

F2: Number of common stock shares acquired with dividend purchase to reporting person's account on March 13, 2008, under the Employee Stock Ownership Plan II (ESOP II) established by Stepan Company.