STEPAN CO — Director's Dealing 2020

Sep 11, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Moriarty Sean Thomas (VP & GM Polymers)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-09	Common Stock	M	4825	$72.99	Acquired	10360.2021	Direct
2020-09-09	Common Stock	D	2996	$117.565	Disposed	7364.2021	Direct
2020-09-09	Common Stock	F	682	$117.565	Disposed	6682.2021	Direct
2020-09-09	Common Stock	M	1608	$72.99	Acquired	8290.2021	Direct
2020-09-09	Common Stock	S	1408	$116.699	Disposed	6882.2021	Direct
2020-09-09	Common Stock	S	200	$117.53	Disposed	6682.2021	Direct
2020-09-09	Common Stock	S	1147	$117.368	Disposed	5535.2021	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-09	Stock Appreciation Right	$72.99	M	4825	Disposed	2028-02-20	Common Stock (4825)	Direct
2020-09-09	Stock Option (Right to Buy)	$72.99	M	1608	Disposed	2028-02-20	Common Stock (1608)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3889.299	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: 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 $116.50 to $117.47, 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.

F5: 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 $117.51 to $117.55, 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.

F6: 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 $117.08 to $117.65, 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.

F7: The total direct holdings reported in this column reflect total direct holdings of 5535.2021 shares prior to the reported transactions based on the Company's current records and which updates the total holdings that were previously incorrectly reported.