SEC Form 4 · accession 0001127602-17-008088
STEPAN CO · SCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Debra Stefaniak
Officer — VP, Business Transformation
Period of report
Feb 21, 2017
Accepted (ET)
Feb 23, 2017 · 8:59 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 | 435 | — | A | 5,932 | D | |
| Common Stock | Feb 23, 2017 | A | 101 | $78.91 | A | 2,312 | 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 | 1,393 | A | Feb 21, 2018 | Feb 20, 2027 | Common Stock | 1,393 | 1,393 | D |
| Stock Appreciation RightF2 | $78.58 | Feb 21, 2017 | A | 4,178 | A | Feb 21, 2018 | Feb 20, 2027 | Common Stock | 4,178 | 4,178 | D |
| Performance SharesF3 | — | Feb 21, 2017 | A | 1,120 | A | — | — | Common Stock | 1,120 | 1,120 | D |
| Performance SharesF4 | $0.00 | Feb 21, 2017 | M | 485 | D | — | — | Common Stock | 485 | 0 | D |
Explanation of responses
- F1Amount reported reflects vesting of 435 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.