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: Rojo Luis (VP & Chief Financial Officer)

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	Share Units	$	A	2183.288	Acquired		Common Stock (2183.288)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	75.588	Indirect

Footnotes

F1: Reflects ESOP II acquisitions that have occurred since the Reporting Person's last ownership report covering ESOP II holdings.

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: Share units convert on a one-for-one basis into Common Stock.

F5: Share units are acquired under the Management Incentive Plan (As Amended and Restated Effective January 1, 2015) ("MIP"), a nonqualified deferred compensation plan which allows MIP participants to elect to defer all or a portion of their deferred compensation into accounts pursuant to MIP provisions.