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STEPAN CO — Director's Dealing 2019
Feb 22, 2019
32175_dirs_2019-02-22_c5b7cd1c-f759-4058-ab09-73e2570b3eb3.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: 2019-02-20
Reporting Person: STEPAN F QUINN JR (Director, Chairman, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-02-20 | Common Stock | M | 28657 | — | Acquired | 184099.935 | Direct |
| 2019-02-20 | Common Stock | A | 81.636 | $92.29 | Acquired | 11274.429 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-02-20 | Stock Option (Right to Buy) | $92.29 | A | 28122 | Acquired | 2029-02-19 | Common Stock (28122) | Direct |
| 2019-02-20 | Stock Appreciation Right | $92.29 | A | 28122 | Acquired | 2029-02-19 | Common Stock (28122) | Direct |
| 2019-02-20 | Performance Shares | $ | A | 10836 | Acquired | Common Stock (10836) | Direct | |
| 2019-02-20 | Performance Shares | $ | M | 15507 | Disposed | Common Stock (15507) | 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 |
Footnotes
F1: The performance shares vested upon Stepan Company achieving certain financial targets by December 31, 2018.
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: Vests ratably over three years beginning on the date shown.
F5: Each performance share represents a contingent right to receive 1 share of Stepan Company Common Stock. The performance shares vest upon Stepan Company achieving certain financial targets by December 31, 2021.
F6: Each performance share represents a contingent right to receive 1 share of Stepan Company Common Stock. The performance shares vest upon Stepan Company achieving certain financial targets by December 31, 2018.