STEPAN CO — Director's Dealing 2019

Aug 13, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2019-08-09

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-08-09	Common Stock	M	518	$63.11	Acquired	5074.9717	Direct
2019-08-09	Common Stock	S	518	$95.106	Disposed	4556.9717	Direct
2019-08-09	Common Stock	M	574	$43.85	Acquired	5074.9717	Direct
2019-08-09	Common Stock	S	574	$95.121	Disposed	4500.9717	Direct
2019-08-09	Common Stock	M	1208	$63.11	Acquired	6282.9717	Direct
2019-08-09	Common Stock	D	1208	$96.10	Disposed	5074.9717	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-08-09	Stock Option (Right to Buy)	$63.11	M	518	Disposed	2023-02-18	Common Stock (518)	Direct
2019-08-09	Stock Option (Right to Buy)	$43.85	M	574	Disposed	2026-02-22	Common Stock (574)	Direct
2019-08-09	Stock Appreciation Right	$63.11	M	1208	Disposed	2023-02-18	Common Stock (1208)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3764.957	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 $95.000 to $95.940, 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 price reported is a weighted average price. Shares were sold in a series of transactions within the same trading day at prices ranging from $95.030 to $95.610, 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.

F3: The Stock Appreciation Rights ("SARS") were settled in shares of common stock 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.