SEC Form 4 · accession 0001127602-17-008087
STEPAN CO · SCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott C Mason
Officer — Vice President, Supply Chain
Period of report
Feb 21, 2017
Accepted (ET)
Feb 23, 2017 · 8:58 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 | Feb 21, 2017 | M | 1,738 | — | A | 17,640 | D | |
| Common Stock | Feb 23, 2017 | A | 102 | $78.91 | A | 995 | I | By Esop II Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $78.58 | Feb 21, 2017 | A | 2,848 | A | Feb 21, 2018 | Feb 20, 2027 | Common Stock | 2,848 | 2,848 | D |
| Stock Appreciation RightF2 | $78.58 | Feb 21, 2017 | A | 8,544 | A | Feb 21, 2018 | Feb 20, 2027 | Common Stock | 8,544 | 8,544 | D |
| Performance SharesF3 | — | Feb 21, 2017 | A | 2,291 | A | — | — | Common Stock | 2,291 | 2,291 | D |
| Performance SharesF4 | — | Feb 21, 2017 | M | 1,938 | D | — | — | Common Stock | 1,938 | 0 | D |
Explanation of responses
- F1Amount reported reflects vesting of 1,738 performance shares as shown on Table II due to achievement of certain financial targets by December 31, 2016.
- F2Vests ratably over three years beginning on the date shown.
- F3Each 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.
- F4The performance shares vested upon Stepan Company achieving certain financial targets by December 31, 2016.