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STEPAN CO — Director's Dealing 2019
Feb 27, 2019
32175_dirs_2019-02-27_f73406c3-74a5-4b72-97d5-570c598763c0.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: 2019-02-25
Reporting Person: Behrens Scott R. (VP/GM Surfactants)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-02-25 | Common Stock | M | 1813 | $63.11 | Acquired | 18807.119 | Direct |
| 2019-02-25 | Common Stock | M | 2360 | $61.91 | Acquired | 21167.119 | Direct |
| 2019-02-25 | Common Stock | M | 996 | $58.22 | Acquired | 22163.119 | Direct |
| 2019-02-25 | Common Stock | D | 5169 | $94.3817 | Disposed | 17744.119 | Direct |
| 2019-02-25 | Common Stock | M | 2000 | $41.16 | Acquired | 24163.119 | Direct |
| 2019-02-25 | Common Stock | D | 875 | $94.14 | Disposed | 23288.119 | Direct |
| 2019-02-25 | Common Stock | F | 375 | $94.14 | Disposed | 22913.119 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-02-25 | Stock Appreciation Right | $63.11 | M | 1813 | Disposed | 2023-02-18 | Common Stock (1813) | Direct |
| 2019-02-25 | Stock Appreciation Right | $61.91 | M | 2360 | Disposed | 2024-02-17 | Common Stock (2360) | Direct |
| 2019-02-25 | Stock Appreciation Right | $58.22 | M | 996 | Disposed | 2024-04-28 | Common Stock (996) | Direct |
| 2019-02-25 | Stock Appreciation Right | $41.16 | M | 2000 | Disposed | 2025-02-16 | Common Stock (2000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 3592.195 | 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: 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 $94.27 to $94.48, 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 SARs were settled in shares of common stock as per the terms of the award.
F4: Deemed disposition of underlying common stock to the issuer in an amount equal to the conversion price of the SARs.
F5: Withholding of shares to satisfy tax liability on exercise of SARs.