STEPAN CO — Director's Dealing 2017

Jan 3, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2017-01-03

Reporting Person: Dearth Randall S. (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-01-03	Stock Units	$	A	3	Acquired		Common Stock (3)	Direct

Footnotes

F1: Each phantom stock unit represents the right to receive one share of issuer Common Stock.

F2: Phantom stock units are payable in shares pursuant to the director's election either following separation from service or after a specified age.