STEPAN CO — Director's Dealing 2015

May 11, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2015-05-08

Reporting Person: Mergner Arthur W (VP & General Manager)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-08	Common Stock	M	3000	$16.085	Acquired	7716	Direct
2015-05-08	Common Stock	S	60	$49.82	Disposed	7656	Direct
2015-05-08	Common Stock	S	500	$49.85	Disposed	7156	Direct
2015-05-08	Common Stock	S	200	$49.89	Disposed	6956	Direct
2015-05-08	Common Stock	S	100	$49.90	Disposed	6856	Direct
2015-05-08	Common Stock	S	100	$49.91	Disposed	6756	Direct
2015-05-08	Common Stock	S	100	$49.92	Disposed	6656	Direct
2015-05-08	Common Stock	S	100	$49.93	Disposed	6556	Direct
2015-05-08	Common Stock	S	100	$49.94	Disposed	6456	Direct
2015-05-08	Common Stock	S	100	$49.96	Disposed	6356	Direct
2015-05-08	Common Stock	S	100	$49.97	Disposed	6256	Direct
2015-05-08	Common Stock	S	100	$50.02	Disposed	6156	Direct
2015-05-08	Common Stock	S	440	$50.09	Disposed	5716	Direct
2015-05-08	Common Stock	S	200	$50.20	Disposed	5516	Direct
2015-05-08	Common Stock	S	100	$50.22	Disposed	5416	Direct
2015-05-08	Common Stock	S	600	$50.27	Disposed	4816	Direct
2015-05-08	Common Stock	S	100	$50.37	Disposed	4716	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-08	Employee Stock Option (Right to Buy)	$16.085	M	3000	Disposed	2016-02-11	Common Stock (3000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5713.131	Indirect

Footnotes

F1: Reflects ESOP II acquisitions that have occurred since the Reporting Person's last ownership report covering ESOP II holdings.