STEPAN CO — Director's Dealing 2020

Dec 11, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2020-12-09

Reporting Person: Catlett Janet Anne (VP, CHRO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-09	Common Stock	M	1256	$81.63	Acquired	2274.783	Direct
2020-12-09	Common Stock	D	867	$118.25	Disposed	1825.783	Direct
2020-12-09	Common Stock	F	165	$118.25	Disposed	1660.783	Direct
2020-12-09	Common Stock	M	418	$81.63	Acquired	2692.783	Direct
2020-12-09	Common Stock	S	418	$118.247	Disposed	1242.783	Direct
2020-12-09	Common Stock	S	224	$118.264	Disposed	1018.783	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-09	Stock Appreciation Right	$81.63	M	1256	Disposed	2028-07-22	Common Stock (1256)	Direct
2020-12-09	Stock Option (Right to Buy)	$81.63	M	418	Disposed	2028-07-22	Common Stock (418)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	117.545	Indirect

Footnotes

F1: The Stock Appreciation Rights ("SARS") were settled in shares of common stock as per the terms of the award.

F2: Deemed disposition of underlying common stock to the issuer in an amount equal to the conversion price of the SARs.

F3: Withholding of shares to satisfy tax liability on exercise of SARs.