STEPAN CO — Director's Dealing 2015

Nov 10, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2015-11-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-06	Common Stock	S	3216	$53.06	Disposed	1500	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5757.585	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $52.950 to $53.180. 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.

F2: Reflects ESOP II acquisitions that have occurred since the Reporting Person's last ownership report covering ESOP II holdings.