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STEPAN CO — Director's Dealing 2021
May 27, 2021
32175_dirs_2021-05-27_804e1bd3-f309-4e87-a014-0383dc54f7be.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2021-05-25
Reporting Person: Mergner Arthur W (Exec VP, Supply Chain)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-05-25 | Common Stock | M | 6000 | $43.85 | Acquired | 25954.305 | Direct |
| 2021-05-25 | Common Stock | D | 1958 | $134.395 | Disposed | 23996.305 | Direct |
| 2021-05-25 | Common Stock | F | 1791 | $134.395 | Disposed | 22205.305 | Direct |
| 2021-05-25 | Common Stock | S | 2251 | $133.819 | Disposed | 19954.305 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-05-25 | Stock Appreciation Right | $43.85 | M | 6000 | Disposed | 2026-02-22 | Common Stock (6000) | Direct |
Footnotes
F1: The stock appreciation rights ("SARs") were settled in shares of common stock as per the terms of the award.
F2: Deemed disposition of underlying common stock to the issuer in an amount equal to the conversion price of the SARs.
F3: Withholding of shares to satisfy tax liability on exercise of SARs.
F4: The price reported is a weighted average price. Shares were sold in a series of transactions within the same trading day at prices ranging from $133.24 to $134.24, inclusive. Full information regarding the number of shares sold at each separate price is available upon request by the Commission staff, the issuer, or a security holder of the issuer.