STEPAN CO — Director's Dealing 2008

Mar 3, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2008-02-28

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-28	Common Stock	M	2200	$30.9688	Acquired	64393.6489	Direct
2008-02-28	Common Stock	S	2200	$35.00	Disposed	62193.6489	Direct
2008-02-29	Common Stock	M	5192	$30.9688	Acquired	67385.6489	Direct
2008-02-29	Common Stock	S	5192	$35.00	Disposed	62193.6489	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-28	Employee Stock Option	$30.9688	M	2200	Disposed	2008-05-04	Common Stock (2200)	Direct
2008-02-29	Employee Stock Option	$30.9688	M	5192	Disposed	2008-05-04	Common Stock (5192)	Direct