STEPAN CO — Director's Dealing 2008

Mar 14, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: WOOD ROBERT JOHN (VP & GM Polymers)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-03-13	Common Stock	M	597	$21.75	Acquired	5509.9778	Direct
2008-03-13	Common Stock	J	42.2453	—	Acquired	5552.2231	Direct
2008-03-13	Common Stock	J	100.2781	—	Acquired	5652.5012	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-03-13	Employee Stock Option	$21.75	M	597	Disposed	2010-05-08	Common Stock (597)	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 Plan (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.