SEC Form 4 · accession 0001127602-17-008086
STEPAN CO · SCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jennifer Ansbro Hale
Officer — VP, Gen'l Counsel & Sec'y
Period of report
Feb 21, 2017
Accepted (ET)
Feb 23, 2017 · 8:57 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 Stock | Feb 23, 2017 | A | 102 | $78.91 | A | 102 | I | (by ESOP II) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F1 | $78.58 | Feb 21, 2017 | A | 1,393 | A | Feb 21, 2018 | Feb 20, 2027 | Common Stock | 1,393 | 1,393 | D |
| Stock Appreciation RightF1 | $78.58 | Feb 21, 2017 | A | 4,178 | A | Feb 21, 2018 | Feb 20, 2027 | Common Stock | 4,178 | 4,178 | D |
| Performance SharesF2 | — | Feb 21, 2017 | A | 1,120 | A | — | — | Common Stock | 1,120 | 1,120 | D |
Explanation of responses
- F1Vests ratably over three years beginning on the date shown.
- F2Each performance share represents a contingent right to receive 1 share of Stepan Company Common Stock. The performance shares vest upon Stepan Company achieving certain financial targets by December 31, 2019.