STEPAN CO — Director's Dealing 2016

Feb 25, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2016-02-23

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-23	Stock Appreciation Right	$43.85	A	12262	Acquired	2026-02-22	Common Stock (12262)	Direct
2016-02-23	Employee Stock Option (Right to Buy)	$43.85	A	4087	Acquired	2026-02-22	Common Stock (4087)	Direct
2016-02-23	Performance Shares	$	A	3649	Acquired		Common Stock (3649)	Direct

Footnotes

F1: Each performance share represents a contingent right to receive 1 share of Stepan Company Common Stock. The performance shares vest upon Stepan Company achieving certain financial targets by December 31, 2018.