STEPAN CO — Director's Dealing 2008

Feb 14, 2008

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2007-12-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-15	Common Stock	P	11.927	$26.0065	Acquired	9143.63	Direct
2007-06-15	Common Stock	P	10.446	$29.9264	Acquired	9154.076	Direct
2007-09-14	Common Stock	P	10.861	$28.9804	Acquired	9164.937	Direct
2007-12-14	Common Stock	P	10.149	$31.9928	Acquired	9175.086	Direct

Footnotes

F1: Purchases made under an employee purchase plan.