STEPAN CO — Director's Dealing 2014

Mar 10, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2014-03-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-06	Common Stock	M	1400.000	$18.460	Acquired	57706.675	Direct
2014-03-06	Common Stock	S	1400.000	$62.210	Disposed	56306.675	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-06	Employee Stock Option (Right to Buy)	$18.460	M	1400.000	Disposed	2017-02-09	Common Stock (1400.000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1606.205	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $62.021 to $62.380. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.