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STEPAN CO Director's Dealing 2018

May 4, 2018

32175_dirs_2018-05-04_83d9846b-3fc5-48c2-a021-19cc3ede46ad.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: 2018-05-02

Reporting Person: Rojo Luis (VP & Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-02	Stock Option (Right to Buy)	$70.86	A	3440	Acquired	2028-05-01	Common Stock (3440)	Direct
2018-05-02	Stock Appreciation Right	$70.86	A	10321	Acquired	2028-05-01	Common Stock (10321)	Direct
2018-05-02	Performance Shares	$	A	2822	Acquired		Common Stock (2822)	Direct

Footnotes

F1: Vests ratably over three years beginning on the date shown.

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 Stock. The performance shares vest upon Stepan Company achieving certain financial targets by December 31, 2020.