STEPAN CO — Director's Dealing 2017

May 11, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2017-05-09

Reporting Person: STEPAN F QUINN JR (Director, Chairman, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-09	Common Stock	M	381	$25.605	Acquired	141951.957	Direct
2017-05-09	Common Stock	S	381	$85.15	Disposed	141570.957	Direct
2017-05-10	Common Stock	M	5000	$25.605	Acquired	146570.957	Direct
2017-05-10	Common Stock	S	5000	$85.15	Disposed	141570.957	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-09	Employee Stock Option (Right to Buy)	$25.605	M	381	Disposed	2018-02-08	Common Stock (381)	Direct
2017-05-10	Employee Stock Option (Right to Buy)	$25.605	M	5000	Disposed	2018-02-08	Common Stock (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	104423	Direct
Common Stock	10872.422	Indirect
Common Stock	160000	Indirect
Common Stock	48000	Indirect
Common Stock	54978	Indirect
Common Stock	40000	Indirect
Common Stock	768	Indirect

Footnotes

F1: Joint Tenancy with Spouse.

F2: The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for the purpose of Section 16 or for any other purpose.