STEPAN CO — Director's Dealing 2014

Mar 6, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2014-03-04

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-04	Common Stock	M	2000.000	$18.460	Acquired	58306.675	Direct
2014-03-04	Common Stock	S	2000.000	$60.710	Disposed	56306.675	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-04	Employee Stock Option (Right to Buy)	$18.460	M	2000.000	Disposed	2017-02-09	Common Stock (2000.000)	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 $60.490 to $60.971. 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.