STEPAN CO — Director's Dealing 2020

Nov 9, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2020-11-05

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-05	Common Stock	M	34741	$43.85	Acquired	232483.584	Direct
2020-11-05	Common Stock	D	12691	$120.0375	Disposed	219792.584	Direct
2020-11-05	Common Stock	F	9769	$43.85	Disposed	210023.584	Direct
2020-11-05	Common Stock	S	12281	$120.0375	Disposed	197743.584	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-05	Stock Appreciation Right	$43.85	M	34741	Disposed	2026-02-22	Common Stock (34741)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	61249	Direct
Common Stock	11576.98	Indirect
Common Stock	160000	Indirect
Common Stock	48000	Indirect
Common Stock	71382	Indirect
Common Stock	40000	Indirect
Common Stock	25000	Indirect
Common Stock	0	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.

F4: Joint Tenancy with Spouse.

F5: 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.