STEPAN CO — Director's Dealing 2017

Sep 19, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2017-09-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-09-15	Common Stock	A	82.95	$80.79	Acquired	48596.95	Direct
2017-09-18	Common Stock	M	500	$25.605	Acquired	49096.95	Direct
2017-09-18	Common Stock	S	500	$81.10	Disposed	48596.95	Direct
2017-09-18	Common Stock	M	500	$25.605	Acquired	49096.95	Direct
2017-09-18	Common Stock	S	500	$81.60	Disposed	48596.95	Direct
2017-09-18	Common Stock	M	500	$25.605	Acquired	49096.95	Direct
2017-09-18	Common Stock	S	500	$82.10	Disposed	48596.95	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-09-18	Employee Stock Option (Right to Buy)	$25.605	M	500	Disposed	2018-02-08	Common Stock (500)	Direct
2017-09-18	Employee Stock Option (Right to Buy)	$25.605	M	500	Disposed	2018-02-08	Common Stock (500)	Direct
2017-09-18	Employee Stock Option (Right to Buy)	$25.605	M	500	Disposed	2018-02-08	Common Stock (500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2053.686	Indirect

Footnotes

F1: Reflects acquisition of deferred share units under the Performance Award Deferred Compensation Plan ("Plan") pursuant to a dividend equivalent feature of the Plan.

F2: Transaction completed pursuant to a 10b5-1 trading plan.

F3: Reflects ESOP II acquisitions that have occurred since the Reporting Person's last ownership covering ESOP II holdings.