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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-07-30	Common Stock	M	18876	$61.91	Acquired	211268.652	Direct
2020-07-30	Common Stock	D	18876	$108.64	Disposed	192392.652	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-07-30	Stock Appreciation Right	$61.91	M	18876	Disposed	2024-02-17	Common Stock (18876)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	95849	Direct
Common Stock	11549.803	Indirect
Common Stock	160000	Indirect
Common Stock	48000	Indirect
Common Stock	71382	Indirect
Common Stock	40000	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.

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 purposes of Section 16 or for any other purpose.