STEPAN CO — Director's Dealing 2009

Sep 17, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2009-09-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-09-15	Common Stock	A	31.167	$60.81	Acquired	54237.8106	Direct
2009-09-16	Common Stock	M	25058	$21.75	Acquired	79295.8106	Direct
2009-09-16	Common Stock	F	17698	$61.23	Disposed	61597.8106	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-09-16	Common Stock	$21.75	M	25058	Disposed	2010-05-08	Common Stock (25058)	Direct

Footnotes

F1: Reflects acquisition of deferred share units under the Performance Award Deferred Compensation Plan ("Plan") pursuant to a dividend equivalent feature of the Plan.

F2: Transaction completed pursuant to a 10b5-1 trading plan.