Sec Form 4 Filing - Moriarty Sean Thomas @ STEPAN CO - 2019-09-13

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Moriarty Sean Thomas
2. Issuer Name and Ticker or Trading Symbol
STEPAN CO [ SCL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
VP & GM Polymers
(Last) (First) (Middle)
22 WEST FRONTAGE ROAD
3. Date of Earliest Transaction (MM/DD/YY)
09/13/2019
(Street)
NORTHFIELD
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/13/2019 M 629 A $ 61.91 5,077.0797 D
Common Stock 09/13/2019 S 629 D $ 99.32 4,448.0797 D
Common Stock 09/13/2019 M 1,332 A $ 58.22 5,780.0797 D
Common Stock 09/13/2019 S 1,332 D $ 99.287 ( 1 ) 4,448.0797 D
Common Stock 09/13/2019 M 1,888 A $ 61.91 6,336.0797 D
Common Stock 09/13/2019 D( 2 ) 1,888 D $ 99.33 4,448.0797 D
Common Stock 09/13/2019 M 3,997 A $ 58.22 8,445.0797 D
Common Stock 09/13/2019 D( 2 ) 3,997 D $ 99.39 4,448.0797 D
Common Stock 3,774.47 ( 3 ) I By ESOP II Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $ 61.91 09/13/2019 M 629 02/18/2016 02/17/2024 Common Stock 629 $ 0 0 D
Stock Option (Right to Buy) $ 58.22 09/13/2019 M 1,332 04/29/2016 04/28/2024 Common Stock 1,332 $ 0 0 D
Stock Appreciation Right $ 61.91 09/13/2019 M 1,888 02/18/2016 02/17/2024 Common Stock 1,888 $ 0 0 D
Stock Appreciation Right $ 58.22 09/13/2019 M 3,997 04/29/2016 04/28/2024 Common Stock 3,997 $ 0 0 D
Share Units ( 4 ) ( 5 ) 09/13/2019 A 13.485 ( 6 ) ( 6 ) Common Stock 13.485 $ 98.9 ( 7 ) 5,348.022 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Moriarty Sean Thomas
22 WEST FRONTAGE ROAD
NORTHFIELD
VP & GM Polymers
Signatures
/s/ Stephanie J. Pacitti, attorney-in-fact for Sean T. Moriarty 09/17/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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 $99.241 to $99.370, 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.
( 2 )The Stock Appreciation Rights were settled in cash as per the terms of the award. For reporting purposes, however, the transaction is deemed to be a simultaneous acquisition and disposition of the underlying common stock and is reflected as such in this report.
( 3 )Reflects ESOP II acquisitions that have occurred since the Reporting Person's last ownership report covering ESOP II transactions.
( 4 )Share Units 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.
( 5 )Share Units convert on a one-for-one basis into Common Stock.
( 6 )Reflects acquisition of Share Units pursuant to a dividend eq uivalent feature of the MIP, generally payable at end of employment, unless otherwise elected.
( 7 )Price reported is the price of Common Stock on the date the dividend equivalents are payable pursuant to a dividend equivalent feature of the MIP.

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