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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-19	Common Stock	M	7766.616	—	Acquired	199013.141	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	34709	Acquired	2030-02-18	Common Stock (34709)	Direct
2020-02-19	Stock Appreciation Right	$102.30	A	34709	Acquired	2030-02-18	Common Stock (34709)	Direct
2020-02-19	Performance Shares	$	A	11730	Acquired		Common Stock (11730)	Direct
2020-02-19	Performance Shares	$	M	9672	Disposed		Common Stock (9672)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	95136	Direct
Common Stock	11396.758	Indirect
Common Stock	160000	Indirect
Common Stock	48000	Indirect
Common Stock	71382	Indirect
Common Stock	40000	Indirect

Footnotes

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

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 the purpose of Section 16 or for any other purpose.

F4: Vests ratably over three years beginning on the date shown.

F5: 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.

F6: 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.