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STEPAN CO — Director's Dealing 2021
May 11, 2021
32175_dirs_2021-05-11_b1244ea9-3ca3-4e1b-8797-2fe5d56c8db9.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: 2021-05-07
Reporting Person: Catlett Janet Anne (VP, CHRO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-05-07 | Common Stock | M | 2000 | $92.29 | Acquired | 5144.25 | Direct |
| 2021-05-07 | Common Stock | D | 1344 | $137.315 | Disposed | 3800.25 | Direct |
| 2021-05-07 | Common Stock | F | 278 | $137.315 | Disposed | 3522.25 | Direct |
| 2021-05-07 | Common Stock | S | 378 | $137.271 | Disposed | 3144.25 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-05-07 | Stock Appreciation Right | $92.29 | M | 2000 | Disposed | 2029-02-19 | Common Stock (2000) | 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 $137.12 to $137.31, 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.