STEPAN CO — Director's Dealing 2020

Aug 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2020-07-30

Reporting Person: Mergner Arthur W (VP, Supply Chain)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-07-30	Common Stock	M	1038	$42.765	Acquired	18481.798	Direct
2020-07-30	Common Stock	D	1038	$107.29	Disposed	17443.798	Direct
2020-07-30	Common Stock	M	1359	$63.11	Acquired	18802.798	Direct
2020-07-30	Common Stock	D	1359	$107.29	Disposed	17443.798	Direct
2020-07-30	Common Stock	M	4719	$61.91	Acquired	22162.798	Direct
2020-07-30	Common Stock	D	4719	$107.38	Disposed	17443.798	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-07-30	Stock Appreciation Right	$42.765	M	1038	Disposed	2022-02-13	Common Stock (1038)	Direct
2020-07-30	Stock Appreciation Right	$63.11	M	1359	Disposed	2023-02-18	Common Stock (1359)	Direct
2020-07-30	Stock Appreciation Right	$61.91	M	4719	Disposed	2024-02-17	Common Stock (4719)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3358.615	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.