STEPAN CO — Director's Dealing 2019

Sep 17, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2019-09-13

Reporting Person: Moriarty Sean Thomas (VP & GM Polymers)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-09-13	Common Stock	M	629	$61.91	Acquired	5077.0797	Direct
2019-09-13	Common Stock	S	629	$99.32	Disposed	4448.0797	Direct
2019-09-13	Common Stock	M	1332	$58.22	Acquired	5780.0797	Direct
2019-09-13	Common Stock	S	1332	$99.287	Disposed	4448.0797	Direct
2019-09-13	Common Stock	M	1888	$61.91	Acquired	6336.0797	Direct
2019-09-13	Common Stock	D	1888	$99.33	Disposed	4448.0797	Direct
2019-09-13	Common Stock	M	3997	$58.22	Acquired	8445.0797	Direct
2019-09-13	Common Stock	D	3997	$99.39	Disposed	4448.0797	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-09-13	Stock Option (Right to Buy)	$61.91	M	629	Disposed	2024-02-17	Common Stock (629)	Direct
2019-09-13	Stock Option (Right to Buy)	$58.22	M	1332	Disposed	2024-04-28	Common Stock (1332)	Direct
2019-09-13	Stock Appreciation Right	$61.91	M	1888	Disposed	2024-02-17	Common Stock (1888)	Direct
2019-09-13	Stock Appreciation Right	$58.22	M	3997	Disposed	2024-04-28	Common Stock (3997)	Direct
2019-09-13	Share Units	$	A	13.485	Acquired		Common Stock (13.485)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3774.47	Indirect

Footnotes

F1: The price reported is a weighted average price. Shares were sold in a series of transactions within the same trading day at prices ranging from $99.241 to $99.370, inclusive. Full information regarding the number of shares sold at each separate price is available upon request by the Commission staff, the issuer, or a security holder of the issuer.

F2: The Stock Appreciation Rights were settled in cash as per the terms of the award. For reporting purposes, however, the transaction is deemed to be a simultaneous acquisition and disposition of the underlying common stock and is reflected as such in this report.

F3: Reflects ESOP II acquisitions that have occurred since the Reporting Person's last ownership report covering ESOP II transactions.

F4: Share Units 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.

F5: Share Units convert on a one-for-one basis into Common Stock.

F6: Reflects acquisition of Share Units pursuant to a dividend equivalent feature of the MIP, generally payable at end of employment, unless otherwise elected.

F7: Price reported is the price of Common Stock on the date the dividend equivalents are payable pursuant to a dividend equivalent feature of the MIP.