STEPAN CO — Director's Dealing 2020

Feb 21, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2020-02-19

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-19	Common Stock	M	2043.635	—	Acquired	17343.314	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-19	Stock Option (Right to Buy)	$102.30	A	3471	Acquired	2030-02-18	Common Stock (3471)	Direct
2020-02-19	Stock Appreciation Right	$102.30	A	10413	Acquired	2030-02-18	Common Stock (10413)	Direct
2020-02-19	Performance Shares	$	A	2346	Acquired		Common Stock (2346)	Direct
2020-02-19	Performance Shares	$	M	2545	Disposed		Common Stock (2545)	Direct

Footnotes

F1: The performance shares vested upon Stepan Company achieving certain financial targets by December 31, 2019.

F2: Vests ratably over three years beginning on the date shown.

F3: Each performance share represents a contingent right to receive 1 share of Stepan Company Stock. The performance shares vest upon Stepan Company achieving certain financial targets by December 31, 2022.

F4: Each performance share represents a contingent right to receive 1 share of Stepan Company Common Stock. The performance shares vest upon Stepan Company achieving certain financial targets by December 31, 2019.