SEC Form 4 · accession 0001127602-17-012690
STEPAN CO · SCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott R. Behrens
Officer — VP/GM Surfactants
Period of report
Mar 20, 2017
Accepted (ET)
Mar 22, 2017 · 6:18 pm EDT
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 | Mar 20, 2017 | M | 2,000 | $0.00 | A | 5,259 | D | |
| Common Stock | Mar 20, 2017 | D | 1,032 | $79.80 | D | 4,227 | D | |
| Common Stock | Mar 20, 2017 | F | 301 | $79.80 | D | 3,926 | D | |
| Common Stock | holding | — | — | — | 3,335 | 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 Appreciation Right | $41.16 | Mar 20, 2017 | M | 2,000 | D | Feb 17, 2017 | Feb 16, 2025 | Common Stock | 2,000 | 2,000 | D |
Explanation of responses
- F1The Stock Appreciation Rights ("SARs") were settled in shares of common stock as per the terms of the award.
- F2Deemed disposition of underlying common stock to the issuer in an amount equal to the conversion price of the SARs.
- F3Withholding of shares to satisfy tax liability on exercise of SARs.