SEC Form 4 · accession 0001127602-16-070503
STEPAN CO · SCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
F Quinn Stepan Jr.
Officer — President & CEO · Director
Period of report
Dec 15, 2016
Accepted (ET)
Dec 19, 2016 · 9:42 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 | 26 | $84.93 | A | 10,741 | I | By Esop II Trust |
| Common StockF2 | Dec 15, 2016 | A | 283 | $84.93 | A | 125,845 | D | |
| Common StockF3 | holding | — | — | — | 105,378 | D | ||
| Common StockF4 | holding | — | — | — | 48,000 | I | By Family Trust | |
| Common Stock | holding | — | — | — | 55,065 | I | By Family Trust III | |
| Common StockF4 | holding | — | — | — | 40,000 | I | By Family Trust Iv | |
| Common Stock | holding | — | — | — | 160,000 | I | By Family Llc | |
| Common Stock | holding | — | — | — | 442,047 | I | Member Of Plan Committee Of Stepan Company | |
| Common Stock | holding | — | — | — | 2,163 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share UnitsF5,F8,F7,F6 | — | Dec 15, 2016 | A | 235 | A | — | — | Common Stock | 235 | 97,774 | D |
Explanation of responses
- F1Reflects ESOP II acquisitions 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.
- F3Joint Tenancy with Spouse.
- F4The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for the purposes of Section 16 or for any other purpose.
- F5Share 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.
- F6Share Units convert on a one-for-one basis into Common Stock.
- F7Reflects acquisition of Share Units pursuant to a dividend equivalent feature of the MIP, generally payable at end of employment, unless otherwise elected.
- F8Price reported is the price of Common Stock on the date the dividend equivalents are payable pursuant to a dividend equivalent feature of the MIP.