STEPAN CO — Director's Dealing 2018

Feb 23, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2018-02-21

Reporting Person: Hale Jennifer Ansbro (VP, Gen'l Counsel & Sec'y)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-21	Common Stock	A	109.718	$73.07	Acquired	213.282	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-21	Employee Stock Option (Right to Buy)	$78.58	A	2413	Acquired	2027-02-20	Common Stock (2413)	Direct
2018-02-21	Stock Appreciation Right	$72.99	A	7238	Acquired	2028-02-20	Common Stock (7238)	Direct
2018-02-21	Performance Shares	$	A	1918	Acquired		Common Stock (1918)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1400	Indirect

Footnotes

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

F2: 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.