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STEPAN CO — Director's Dealing 2017
Mar 7, 2017
32175_dirs_2017-03-07_0e91e32f-e1b9-4356-ab1f-42f1ebfee9a3.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2017-02-21
Reporting Person: Behrens Scott R. (VP/GM Surfactants)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-02-21 | Common Stock | M | 1542 | $78.52 | Acquired | 6140.071 | Direct |
| 2017-03-03 | Common Stock | F | 480 | $78.52 | Disposed | 5660.071 | Direct |
| 2017-03-03 | Common Stock | F | 226 | $78.52 | Disposed | 5434.071 | Direct |
| 2017-03-03 | Common Stock | M | 2000 | $41.16 | Acquired | 7434.071 | Direct |
| 2017-03-03 | Common Stock | D | 1047 | $78.52 | Disposed | 6387.071 | Direct |
| 2017-03-03 | Common Stock | F | 296 | $78.52 | Disposed | 6091.071 | Direct |
| 2017-03-06 | Common Stock | S | 657 | $77.96 | Disposed | 5434.071 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-03-03 | Stock Appreciation Right | $41.16 | M | 2000 | Disposed | 2025-02-16 | Common Stock (2000) | Direct |
| 2017-02-21 | Performance Shares | $0 | M | 1718 | Disposed | Common Stock (1718) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 3326.516 | Indirect |
Footnotes
F1: Amount reported reflects vesting of 1,542 performance shares as shown in Table II due to achievement of certain financial targets by December 31, 2016.
F2: The transaction reported reflects the withholding of shares from the performance shares vested on February 21, 2017, which is reported on this Form 4. Withholding of these shares were applied to the reporting person's account on the transaction date shown
F3: The transaction reported reflects the withholding of shares from the performance shares vested on February 21, 2017, which were reported on the Form 4 filed for the reporting person on February 23, 2017. Withholding of these shares were applied to the reporting person's account on the transaction date shown
F4: The Stock Appreciation Rights ("SARs") were settled in shares of common stock as per the terms of the award.
F5: Deemed disposition of underlying common stock to the issuer in an amount equal to the conversion price of the SARs.
F6: Withholding of shares to satisfy tax liability on exercise of SARs.
F7: The performance shares vested upon Stepan Company achieving certain financial targets by December 31, 2016.