STEPAN CO — Director's Dealing 2019

Feb 27, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2019-02-25

Reporting Person: STEPAN F QUINN JR (Director, Chairman, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-25	Common Stock	M	18476	$42.765	Acquired	202575.935	Direct
2019-02-25	Common Stock	D	18476	$94.73	Disposed	184099.935	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-25	Stock Appreciation Right	$42.765	M	18476	Disposed	2022-02-13	Common Stock (18476)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	106672	Direct
Common Stock	160000	Indirect
Common Stock	48000	Indirect
Common Stock	71382	Indirect
Common Stock	40000	Indirect
Common Stock	358	Indirect
Common Stock	11274.429	Indirect

Footnotes

F1: The stock appreciation rights ("SARs") 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.

F2: Joint Tenancy with Spouse.

F3: The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for the purpose of Section 16 or for any other purpose.

F4: This award of SARs was previously reported as covering 9,238 shares of common stock at an exercise price of $85.53 per share, but has been adjusted to reflect the November 30, 2012 two-for-one stock split.