STEPAN CO — Director's Dealing 2014

Nov 24, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2014-11-21

Reporting Person: PACHOLEC FRANK (Vice President R&D)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-11-21	Common Stock	M	500	$18.460	Acquired	57106.747	Direct
2014-11-21	Common Stock	S	300	$43.730	Disposed	56806.747	Direct
2014-11-21	Common Stock	S	100	$43.740	Disposed	56706.747	Direct
2014-11-21	Common Stock	S	100	$43.780	Disposed	56606.747	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-11-21	Employee Stock Option (Right to Buy)	$18.460	M	500	Disposed	2017-02-09	Common Stock (500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1621.609	Indirect