STEPAN CO — Director's Dealing 2008

Mar 7, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2008-03-05

Reporting Person: STEPAN F QUINN JR (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-03-05	Common Stock	M	7188	$30.9688	Acquired	69553.6489	Direct
2008-03-05	Common Stock	S	7188	$35.00	Disposed	62365.6489	Direct
2008-03-06	Common Stock	M	693	$30.9688	Acquired	63058.6489	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-03-05	Employee Stock Option	$30.9688	M	7188	Disposed	2008-05-04	Common Stock (7188)	Direct
2008-03-06	Employee Stock Option	$30.9688	M	693	Disposed	2008-05-04	Common Stock (693)	Direct