SEC Form 4 · accession 0001127602-16-070480
STEPAN CO · SCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory Servatius
Officer — VP of Human Resources
Period of report
Dec 15, 2016
Accepted (ET)
Dec 19, 2016 · 6:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000094049
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 15, 2016 | A | 21 | $84.93 | A | 8,838 | I | By Esop II Trust |
| Common StockF2 | Dec 15, 2016 | A | 44 | $84.93 | A | 18,387 | D | |
| Common Stock | holding | — | — | — | 442,047 | I | Member Of Plan Committee Of Stepan Company |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share UnitsF3,F6,F4,F5 | — | Dec 15, 2016 | A | 16 | A | — | — | Common Stock | 16 | 6,646 | D |
Explanation of responses
- F1Reflects ESOP II acquisitions and dispositions that have occurred since the Reporting Person's last ownership report covering ESOP II holdings.
- F2Reflects acquisition of deferred share units under the Performance Award Deferred Compensation Plan ("Plan") pursuant to a dividend equivalent feature of the Plan.
- F3Share 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.
- F4Share Units convert on a one-for-one basis into Common Stock.
- F5Reflects acquisition of Share Units pursuant to a dividend equivalent feature of the MIP, generally payable at end of employment, unless otherwise elected.
- F6Price reported is the price of Common Stock on the date the dividend equivalents are payable pursuant to a dividend equivalent feature of the MIP.