STEPAN CO — Director's Dealing 2016

Nov 3, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2016-11-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-01	Common Stock	M	2438	$25.605	Acquired	7438	Direct
2016-11-01	Common Stock	S	100	$69.78	Disposed	7338	Direct
2016-11-01	Common Stock	S	400	$69.8128	Disposed	6938	Direct
2016-11-01	Common Stock	S	1938	$69.8292	Disposed	5000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-01	Employee Stock Option (Right to Buy)	$25.60	M	2438	Disposed	2018-02-08	Common Stock (2438)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5985.862	Indirect

Footnotes

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