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STEPAN CO — Director's Dealing 2017
Feb 23, 2017
32175_dirs_2017-02-23_9792770e-4e17-49a7-a741-fa38c39f33f8.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: Mergner Arthur W (VP & General Manager)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-02-21 | Common Stock | M | 1449 | — | Acquired | 6449 | Direct |
| 2017-02-23 | Common Stock | A | 102.495 | $78.91 | Acquired | 6102.77 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-02-21 | Stock Option (Right to Buy) | $78.58 | A | 3165 | Acquired | 2027-02-20 | Common Stock (3165) | Direct |
| 2017-02-21 | Stock Appreciation Right | $78.58 | A | 9494 | Acquired | 2027-02-20 | Common Stock (9494) | Direct |
| 2017-02-21 | Performance Shares | $ | A | 2545 | Acquired | Common Stock (2545) | Direct | |
| 2017-02-21 | Performance Shares | $0 | M | 1615 | Disposed | Common Stock (1615) | Direct | |
| 2017-02-21 | Share Units | $ | A | 4553.645 | Acquired | Common Stock (4553.645) | Direct |
Footnotes
F1: Amount reported reflects vesting of 1,449 performance shares as shown on Table II due to achievement of certain financial targets by December 31, 2016.
F2: Vests ratably over three years beginning on the date shown.
F3: 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, 2019.
F4: The performance shares vested upon Stepan Company achieving certain financial targets by December 31, 2016.
F5: Share Units are acquired under the Management Incentive Plan (As Amended and Restated Effective January 1, 2015) ("MIP"), a nonqualified deferred compensation plan which allows MIP participants to elect to defer all or a portion of their deferred compensation into accounts pursuant to MIP provisions.
F6: Share Units convert on a one-for-one basis into Common Stock.
F7: Reflects acquisition of Share Units pursuant to reporting persons election under the MIP, generally payable at end of employment, unless otherwise elected.
F8: Price reported is the price of Common Stock on the date of the deferral.