STEPAN CO — Director's Dealing 2020

Jun 9, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2020-06-05

Reporting Person: Stefaniak Debra (VP, Business Enablement)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-06-05	Common Stock	M	818	$42.765	Acquired	8981.556	Direct
2020-06-05	Common Stock	D	818	$102.88	Disposed	8163.556	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-06-05	Stock Appreciation Right	$42.765	M	818	Disposed	2022-02-13	Common Stock (818)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2025.738	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: Reflects ESOP II acquisitions that have occurred since the reporting person's last ownership report covering ESOP II transactions.