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STEPAN CO — Director's Dealing 2010
Feb 18, 2010
32175_dirs_2010-02-18_21664927-00b7-4fc2-929e-f6c9985108f9.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2010-02-17
Reporting Person: VENEGONI JOHN V (VP/GM Surfactants)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-02-17 | Common Stock | M | 3500 | — | Acquired | 22806.7885 | Direct |
| 2010-02-17 | Common Stock | A | 3500 | — | Acquired | 26306.7885 | Direct |
| 2010-02-17 | Common Stock | F | 2140 | — | Disposed | 24166.7885 | Direct |
| 2010-02-18 | Common Stock | J | 17.3605 | — | Acquired | 24184.149 | Direct |
| 2010-02-18 | Common Stock | J | 44.8158 | — | Acquired | 24228.9648 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-02-17 | Performance Shares | $ | M | 3500 | Disposed | Common Stock (3500) | Direct | |
| 2010-02-17 | Management Incentive Plan | $ | J | 259.403 | Acquired | 1988-08-08 | Common Stock (259.403) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1000 | Indirect |
Footnotes
F1: Amount reported reflects vesting of 3,500 performance shares on Table II. Upon vesting, total shares delivered to Reporting Person also includes an additional 3,500 shares due to achievement of certain financial targets by December 31, 2009. Also, 2,140 shares were disposed of for taxes as allowed under the plan.
F2: Number of common stock shares acquired with dividend purchase to reporting person's account on February 18, 2010, under the Employee Stock Ownership Plan (ESOP) established by Stepan Company.
F3: Number of common stock shares acquired with dividend purchase to reporting person's account on February 18, 2010, under the Employee Stock Ownership Plan II (ESOP II) established by Stepan Company.
F4: The performance shares vested upon Stepan Company achieving certain financial targets by December 31, 2009.
F5: Management Incentive Plan Amended and Restated as of January 1, 2005 ("Plan"), a 16b-3 Plan, is a nonqualified deferred compensation plan which allows Plan participants to elect to defer all or a portion of their deferred compensation into accounts pursuant to Plan provisions.