STEPAN CO — Director's Dealing 2008

Feb 28, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2008-02-26

Reporting Person: ZOGLIO ANTHONY J (Vice President - Supply Chain)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-26	Common Stock	M	6258	$30.9687	Acquired	15958.0208	Direct
2008-02-26	Common Stock	S	4729	$34.49	Disposed	11229.0208	Direct
2008-02-26	Common Stock	S	1000	$34.50	Disposed	10229.0208	Direct
2008-02-26	Common Stock	S	200	$34.61	Disposed	10029.0208	Direct
2008-02-26	Common Stock	S	329	$34.62	Disposed	9700.0208	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-26	Employee Stock Option	$30.9687	M	6258	Disposed	2008-05-04	Common Stock (6258)	Direct